Bank of New York Mellon (BK, $43.40) beat Q2 earnings expectations
Bank of New York Mellon Corp. posted its second quarter adjusted earnings of $1.15 per share , surpassing the $1.12 per share analysts polled by Thomson Reuters expected. The bottom line climbed +1.8% from the year-ago quarter.
The bank’s net income applicable to common shareholders (GAAP basis) came in at $835 million or $1.03 per share, down from $991 million or $1.13 per share in the year-ago quarter.
Total revenues rose +7.4% from the yar-ago quarter to $4.25 billion, vs. $4.17 billion expected by analysts polled by Thomson Reuters.
The results were bolstered by a rise in net interest revenues and fee revenues. However, asset balances experienced decrease, while higher expenses was a dampener to some extent.
Bank of New York Mellon mentioned that its Board of Directors approved an increase of the quarterly cash dividend on its common shares by +9% to $0.37 per share.
BK in upward trend: price expected to rise as it breaks its lower Bollinger Band on April 03, 2025
BK may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options. In of 36 cases where BK's price broke its lower Bollinger Band, its price rose further in the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on April 25, 2025. You may want to consider a long position or call options on BK as a result. In of 84 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for BK just turned positive on April 23, 2025. Looking at past instances where BK's MACD turned positive, the stock continued to rise in of 44 cases over the following month. The odds of a continued upward trend are .
BK moved above its 50-day moving average on May 02, 2025 date and that indicates a change from a downward trend to an upward trend.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where BK advanced for three days, in of 351 cases, the price rose further within the following month. The odds of a continued upward trend are .
Bearish Trend Analysis
The RSI Oscillator demonstrated that the stock has entered the overbought zone. This may point to a price pull-back soon.
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 9 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
The Aroon Indicator for BK entered a downward trend on April 14, 2025. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
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The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
