Earnings Preview: What To Expect From The Bank of New York Mellon’s Report

Headquartered in New York, The Bank of New York Mellon Corporation (BK) offers a broad suite of financial services, including asset and wealth management, asset servicing, issuer services, clearing, and treasury solutions for institutions, corporations, and high-net-worth clients. Valued at $64.4 billion by market cap, BNY Mellon holds the distinction of being the world’s largest custodian bank and securities services provider. The company is scheduled to release its fiscal second-quarter earnings before the market opens on Tuesday, July 15. 

Ahead of the event, analysts expect BK to report a profit of $1.73 per share on a diluted basis, up 14.6% from $1.51 per share in the year-ago quarter. The company has consistently surpassed Wall Street’s EPS estimates in its last four quarterly reports.