Investors hope Bank of New York Mellon
What analysts say:
- Buy, sell, or hold?: Analysts are bullish on this stock with 12 analysts rating it as a buy and only one rating it as a sell. Analysts like Bank of New York Mellon better than competitor Morgan Stanley overall. Analysts still rate the stock a moderate buy, but they are a bit more wary about it compared to three months ago.
- Revenue forecasts: On average, analysts predict $3.7 billion in revenue this quarter. That would represent a rise of 7.9% from the year-ago quarter.
- Wall Street earnings expectations: The average analyst estimate is earnings of $0.53 per share. Estimates range from $0.46 to $0.57.
What our community says:
CAPS All-Stars are solidly behind the stock with 86.2% assigning it an outperform rating. The community at large backs the All-Stars with 85.2% awarding it a rating of outperform. Fools have embraced Bank of New York Mellon and haven't been shy with their opinions lately, logging 197 posts in the past 30 days. Bank of New York Mellon's bearish CAPS rating of two out of five stars falls short of the Fool community sentiment.
Bank of New York Mellon's income has fallen year over year by an average of 21.8% over the past five quarters. Revenue has now gone up for three straight quarters.
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