Post-Earnings Research Highlights -- Bank of New York Mellon

LONDON, July 23, 2014 /PRNewswire/ --

Investor-Edge.com has issued complimentary post-earnings research highlights on The Bank of New York Mellon Corp. (NYSE: BK). The company was recently featured in the headlines on Friday, July 18, 2014, for reporting a 15% year-over-year surge in assets under management in the second quarter of 2014. Our free coverage report can be accessed at:

http://www.investor-edge.com/register

Earnings Overview 

The Bank of New York Mellon Corp. reported a 4% year-over-year rise in investment management and performance fees and a 15% year-over-year surge in assets under management during the second quarter of 2014. The bank's net earnings applicable to common shareholders stood at $554 million, or $0.48 per diluted common share, down from $831 million, or $0.71 per diluted common share, in the previous year comparable quarter. The free research on BK can be downloaded as in PDF format at:

http://www.Investor-Edge.com/BKFreeReport

Gerald L. Hassell, Chairman and Chief Executive Officer, stated in the company's recent press release that their commitment towards aggressive expense control has paid off with operating expenses declining both on a sequential and year-over-year basis. Mr. Hassell asserted that a focused approach on clients' investment needs has resulted in increased fees from Asset Servicing, Clearing and Investment Management.

During the second quarter, the company repurchased 12.6 million common shares for $431 million. The company's net income of $554 million, or $0.48 a share, has outperformed the Bloomberg consensus estimate of $511.83 million, or $0.44 a share. The Bank of New York Mellon's total revenue of $3.745 billion was below the $4.025 billion reported in the comparable prior year quarter and market expectations of $3.750 billion. The bank also declared a quarterly dividend of $0.17 a share, payable on August 8, 2014 to shareholders of record as of the close of business on July 29, 2014. Sign up and read the free analyst's notes on BK at:

http://www.Investor-Edge.com/BK-23Jul2014  

Stock Performance 

The Bank of New York Mellon Corp.'s shares gained 1.13% following the earnings release on Friday, July 18, 2014, to end the session at $38.43. Additionally, on Tuesday, July 22, 2014, the stock rose 1.61% to close at $39.06, hitting a new 52-week high of $39.07. A total of 7.62 million shares were traded, which was above its three months average volume of 5.01 million shares. The stock vacillated between $38.55 and $39.07 during the session. Over the last one month and over the previous three months, the company's shares have advanced 8.47% and 15.73%, respectively. Additionally, from the beginning of 2014, the stock has gained 11.79%. The company's shares are trading above their 50-day and 200-day moving averages. Moreover, the stock's 50-day moving average of $35.86 is greater than its 200-day moving average of $33.74. Bank of New York Mellon's stock traded at a PE ratio of 16.32 and has a Relative Strength Index (RSI) of 71.22. Visit Investor-Edge and access the latest research on BK at:

http://www.Investor-Edge.com/BKCoverage    

Sneak Peek to Corporate Insider Trading 

In the last one month, two insiders have bought 1,466 shares of The Bank of New York Mellon Corp. worth $55,550.00 at an average price of $37.89. On July 1, 2014, Director Goldstein Jeffrey A. sold 726 shares worth $27,500.00, while directors, Kowalski Michael Joseph and Von Schack Wesley W. acquired 363 and 1,103 shares, respectively. Free in depth research on BK is available at:

http://www.Investor-Edge.com/BKInsiderTrading  

About Investor-Edge.com 

At Investor-Edge, we provide our members with a simple and reliable way to leverage our economy of scale. Most investors do not have time to track all publicly traded companies, much less perform an in-depth review and analysis of the complexities contained in each situation. That's where Investor-Edge comes in. We provide a single unified platform for investors' to hear about what matters. Situation alerts, moving events, and upcoming opportunities.

===============

EDITOR'S NOTES:

===============

1. This is not company news. We are an independent source and our views do not reflect the companies mentioned.

2. Information in this release is produced on a best efforts basis by Rohit Tuli, a CFA charterholder. The content is then further fact checked and reviewed by an outsourced research provider. However, we are only human and are prone to make mistakes. If you notice any errors or omissions, please notify us below.

3. This information is submitted as a net-positive to companies mentioned, to increase awareness for mentioned companies to our subscriber base and the investing public.

4. If you wish to have your company covered in more detail by our team, or wish to learn more about our services, please contact us at pubco [at] http://www.investor-edge.com.

5. For any urgent concerns or inquiries, please contact us at compliance [at] http://www.investor-edge.com.

6. Are you a public company? Would you like to see similar coverage on your company? Send us a full investors' package to research [at] http://www.investor-edge.com for consideration.

COMPLIANCE PROCEDURE

Content is researched, written and reviewed on a best-effort basis. This document, article or report is prepared and authored by Investor-Edge, represented by Rohit Tuli, CFA. An outsourced research services provider has only reviewed the information provided by Investor-Edge in this article or report according to the procedures outlined by Investor-Edge. Investor-Edge is not entitled to veto or interfere in the application of such procedures by the outsourced provider to the articles, documents or reports, as the case may be.

NOT FINANCIAL ADVICE

Investor-Edge makes no warranty, expressed or implied, as to the accuracy or completeness or fitness for a purpose (investment or otherwise), of the information provided in this document. This information is not to be construed as personal financial advice. Readers are encouraged to consult their personal financial advisor before making any decisions to buy, sell or hold any securities mentioned herein.

NO WARRANTY OR LIABILITY ASSUMED

Investor-Edge is not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted by Investor-Edge whatsoever for any direct, indirect or consequential loss arising from the use of this document. Investor-Edge expressly disclaims any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Investor-Edge does not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE Investor-Edge

WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?

440k+
Newsrooms &
Influencers

9k+
Digital Media
Outlets

270k+
Journalists
Opted In

GET STARTED