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Kritika Sarmah

What You Need To Know Ahead of The Bank of New York Mellon’s Earnings Release

New York BNY Mellon

The Bank of New York Mellon Corporation (BK), headquartered in New York, is a financial services company founded in 1784. With a market cap of $44.8 billion, BNY Mellon offers services for creating, trading, holding, managing, servicing, distributing, and restructuring investments and serves a global client base, including financial institutions, corporations, government agencies, endowments, foundations, and high-net-worth individuals. The company is expected to announce its fiscal Q1 earnings for 2024 before the market opens on Friday, July 12.

Ahead of the event, analysts expect The Bank of New York Mellon to report a profit of $1.41 per share, a 2.2% jump from $1.38 per share in the year-ago quarter. The company has consistently surpassed Wall Street’s bottom-line estimates in its recent quarterly reports.

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