The Bank of New York Mellon Corporation (NYSE:BK) is scheduled to report second-quarter 2022 results on Jul 15, before market open. While its revenues in the to-be-reported quarter are expected to have witnessed a rise on a year-over-year basis, earnings are likely to have declined.
In the last reported quarter, the company's earnings were in line with the Zacks Consensus Estimate. Results were aided by a rise in net interest revenues (NIR). Growth in assets under management (XISX:AUM) was another tailwind. However, a fall in fee revenues and higher expenses were the undermining factors.
BNY Mellon has an impressive earnings surprise history. Its earnings surpassed the Zacks Consensus Estimate in three and met in one of the trailing four quarters, with a surprise of 3.7%, on average.
The Bank of New York Mellon Corporation Price and EPS Surprise
The Bank of New York Mellon Corporation price-eps-surprise | The Bank of New York Mellon Corporation Quote
