U.S. markets open in 3 hours 13 minutes
  • S&P Futures

    3,986.50
    +9.75 (+0.25%)
     
  • Dow Futures

    32,172.00
    +96.00 (+0.30%)
     
  • Nasdaq Futures

    11,940.50
    -1.75 (-0.01%)
     
  • Russell 2000 Futures

    1,805.50
    +8.70 (+0.48%)
     
  • Crude Oil

    111.33
    +1.00 (+0.91%)
     
  • Gold

    1,845.30
    -1.00 (-0.05%)
     
  • Silver

    21.84
    -0.03 (-0.11%)
     
  • EUR/USD

    1.0719
    +0.0034 (+0.32%)
     
  • 10-Yr Bond

    2.7490
    0.0000 (0.00%)
     
  • Vix

    28.25
    -1.20 (-4.07%)
     
  • GBP/USD

    1.2615
    +0.0036 (+0.29%)
     
  • USD/JPY

    126.6760
    -0.5650 (-0.44%)
     
  • BTC-USD

    29,201.46
    -562.62 (-1.89%)
     
  • CMC Crypto 200

    639.53
    -31.48 (-4.69%)
     
  • FTSE 100

    7,533.92
    +11.17 (+0.15%)
     
  • Nikkei 225

    26,604.84
    -72.96 (-0.27%)
     

BNY Mellon (BK): Strong Industry, Solid Earnings Estimate Revisions

  • Oops!
    Something went wrong.
    Please try again later.
·2 min read
In this article:
  • Oops!
    Something went wrong.
    Please try again later.

One stock that might be an intriguing choice for investors right now is The Bank of New York Mellon Corporation BK. This is because this security in the Banks - Major Regional space is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective.

This is important because, often times, a rising tide will lift all boats in an industry, as there can be broad trends taking place in a segment that are boosting securities across the board. This is arguably taking place in the Banks - Major Regional space as it currently has a Zacks Industry Rank of 54 out of more than 250 industries, suggesting it is well-positioned from this perspective, especially when compared to other segments out there.

Meanwhile, BNY Mellon is actually looking pretty good on its own too. The firm has seen solid earnings estimate revision activity over the past two months, suggesting analysts are becoming a bit more bullish on the firm’s prospects in both the short and long term.

The Bank of New York Mellon Corporation Price and Consensus

The Bank of New York Mellon Corporation Price and Consensus
The Bank of New York Mellon Corporation Price and Consensus

The Bank of New York Mellon Corporation price-consensus-chart | The Bank of New York Mellon Corporation Quote

In fact, over the past two months, current quarter estimates have risen from 98 cents per share to 99 cents per share, while current year estimates have risen from $4.50 per share to $4.56 per share. The company currently carries a Zacks Rank #3 (Hold), which is also a favorable signal. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

So, if you are looking for a decent pick in a strong industry, consider BNY Mellon. Not only is its industry currently in the top third, but it is seeing solid estimate revisions as of late, suggesting it could be a very interesting choice for investors seeking a name in this great industry segment.


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

The Bank of New York Mellon Corporation (BK) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research