The Bank of New York Mellon Corp Fourth Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component The Bank of New York Mellon Corp (NYSE:BK) will unveil its latest earnings on Wednesday, January 18, 2012. The Bank of New York Mellon is a global financial services company offering various products and services for individuals and institutions. The main activities of the company and its subsidiaries include asset management, wealth management, and broker-dealer and advisory services.

The Bank of New York Mellon Corp Earnings Preview Cheat Sheet.

Wall St. Earnings Expectations: The average estimate of analysts is for profit of 54 cents per share, a decline of 8.5% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from 56 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at 54 cents during the last month. For the year, analysts are projecting net income of $2.18 per share, a decline of 8% from last year.

Past Earnings Performance: The company fell in line with estimates last quarter after topping forecasts the quarter before. After coming in above the mean estimate by 3 cents in the second quarter, the company fell in line with expecations by reporting profit of 53 cents per share last quarter.

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Wall St. Revenue Expectations: On average, analysts predict $3.75 billion in revenue this quarter, a rise of 0.3% from the year ago quarter. Analysts are forecasting total revenue of $14.88 billion for the year, a rise of 7.9% from last year’s revenue of $13.79 billion.

Analyst Ratings: 10 out of 19 analysts surveyed (52.6%) have a buy rating on Bank of New York Mellon.. This is below the mean analyst rating of 10 competitors, which average 60.7% buy ratings.

A Look Back: In the third quarter, profit rose 4.7% to $651 million (53 cents a share) from $622 million (51 cents a share) the year earlier, meeting analyst expectations. Revenue rose 7.5% to $3.85 billion from $3.58 billion.

Key Stats:.

The company has seen net income rise in three straight quarters. Net income rose 11.7% in the second quarter and 11.8% in the first quarter.

Revenue has risen the past four quarters. Revenue rose 12.8% in the second quarter from the year earlier, climbed 2% in the first quarter from the year-ago quarter and 14.4% in the fourth quarter of the last fiscal year.

Competitors to Watch: State Street Corporation (NYSE:STT), Northern Trust Corporation (NASDAQ:NTRS), SEI Investments Company (NASDAQ:SEIC), Morgan Stanley (NYSE:MS), Goldman Sachs Group, Inc. (NYSE:GS), Bank of America Corp. (NYSE:BAC), Wells Fargo & Company (NYSE:WFC), Citigroup Inc. (NYSE:C), United Western Bancorp, Inc. (NASDAQ:UWBK), and JPMorgan Chase & Co. (NYSE:JPM).

Stock Price Performance: During October 17, 2011 to January 12, 2012, the stock price had risen $3.50 (19.2%) from $18.26 to $21.76. The stock price saw one of its best stretches over the last year between March 28, 2011 and April 4, 2011 when shares rose for six-straight days, rising 3.8% (+$1.09) over that span. It saw one of its worst periods between November 11, 2011 and November 25, 2011 when shares fell for 10-straight days, falling 17.7% (-$3.81) over that span.

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks).

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