BNY Mellon to Acquire Assets of Atherton Lane Advisers of Menlo Park, California
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UBS Cuts Price target on Bank of New York (BK) on Expected Revenue Headwinds
January 22, 2016 9:49 AM ESTUBS maintained a Buy rating on Bank of New York Mellon (NYSE: BK), and cut the price target to $42.00 (from $50.00), following the company's 4Q earnings report. BK faces revenue headwinds in its clearing business that should be more visible over the coming quarters. However, those revenue losses also have associated expenses that should decline in tandem.
Analyst Brennan Hawken... More
Bank of New York (BK) Tops Q4 EPS by 4c
January 21, 2016 6:31 AM ESTBank of New York (NYSE: BK) reported Q4 EPS of $0.68, $0.04 better than the analyst estimate of $0.64. Revenue for the quarter came in at $3.73 billion versus the consensus estimate of $3.75 billion.
For earnings history and earnings-related data on Bank of New York (BK) click here.
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