Earnings Preview: Bank of New York Mellon

Bank of New York Mellon (BK) is expected to report Q2 earnings before market open Thursday, July 17, with a conference call scheduled for 9:00 am ET.

Guidance

Analysts are looking for EPS of 75c on revenue of $3.83B. The consensus range for EPS is 71c to 78c, while the consensus range for revenue is $3.71B to $3.91B, according to First Call.

Analyst Views

Ladenburg Thalmann on June 20 issued an optimistic note about Bank of New York. The firm wrote that the bank is a leader in several rapidly growing markets and is penetrating new international markets. The firm also notes that the bank is not facing large loan losses or high capital needs. But Ladenburg maintained a Neutral rating on Bank of New York as the firm is worried about the outcome of a pending lawsuit filed by Russia against the bank. However, Bank of New York on June 30 said that it expects the case brought against it by Russia to be dismissed. Investors may be looking for more information regarding this case during the bank's conference call.