Headquartered in New York, The Bank of New York Mellon Corporation (BK) offers a broad suite of financial services, including asset and wealth management, asset servicing, issuer services, clearing, and treasury solutions for institutions, corporations, and high-net-worth clients. Valued at $64.4 billion by market cap, BNY Mellon holds the distinction of being the world’s largest custodian bank and securities services provider. The company is scheduled to release its fiscal second-quarter earnings before the market opens on Tuesday, July 15. 

Ahead of the event, analysts expect BK to report a profit of $1.73 per share on a diluted basis, up 14.6% from $1.51 per share in the year-ago quarter. The company has consistently surpassed Wall Street’s EPS estimates in its last four quarterly reports.

For the current year, analysts expect BK to report EPS of $6.79, up 12.6% from $6.03 in fiscal 2024. Looking further, its EPS is likely to improve 13.3% year over year to $7.69 in fiscal 2026. 

BNY Mellon stock has delivered a standout performance over the past 52 weeks, surging 53.5%, well ahead of the S&P 500’s ($SPX) 12.1% gains. It also handily outpaced the S&P 500 Financials Sector SPDR (XLF), which rose 26.3% during the same period.

On June 18, Bank of New York Mellon shares climbed over 2% following reports that U.S. regulators may ease a capital rule restricting banks’ Treasury trading activity, fueling a broader rally in bank stocks.

Analysts’ consensus opinion on BK stock is reasonably bullish, with an overall “Moderate Buy” rating. Out of 17 analysts covering the stock, eight advise a “Strong Buy” rating, three suggest a “Moderate Buy,” and six give a “Hold.” 

BK’s average analyst price target is $96.56, indicating a potential upside of 3.9% from the current levels.