Bank of New York Mellon (NYSE:BK) reported Q3 Earnings before the markets opened today, posting an EPS of $0.53. Analysts, on average, were looking for $0.52. Revenue for the quarter rose 8% to $3.69 Billion, just slightly below estimates for $3.7 Billion.
Gerald L. Hassell, chairman, president and chief executive officer of BNY Mellon said, "Year-over-year, we achieved revenue and earnings growth as we benefited from new business wins, net long-term asset flows and increased deposits."
Bank of New York Mellon (NYSE:BK) has potential upside of 40.2% based on a current price of $19.77 and an average consensus analyst price target of $27.73.
