BankUnited (BKU) Posts In-Line Q1 Earnings, Expenses Up - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Fri Apr 24, 8:24AM CDT
BankUnited's (BKU) first-quarter 2015 earnings per share of 44 cents came in line with the Zacks Consensus Estimate.
BBT: 37.78 (-0.08), KEY: 14.23 (-0.11), BKU: 33.10 (-0.29), BK: 42.07 (-0.51)
Upgrade Alert for Bank of New York Mellon (BK)
Comtex SmarTrend(R) - Fri Apr 24, 7:18AM CDT
Bank of New York Mellon (NYSE:BK) was upgraded from Underperform to Sector Perform at Portales today. The stock closed yesterday at $42.58 on volume of 5.3 million shares, above average daily volume of 5.1 million. Bank of New York Mellon Corporation is a global financial services company. The Company provides a complete range of financial and securities services to financial institutions, corporations and individuals worldwide. The Bank's services include securities and global payment services, corporate banking, private and retail banking, asset management and financial market services.
BK: 42.07 (-0.51)
BNY Mellon Announces Pricing of Public Offering of $1 Billion of Depositary Shares Representing Interests in Preferred Stock
PR Newswire - Thu Apr 23, 5:10PM CDT
BNY Mellon (NYSE: BK) today announced that it priced an underwritten public offering of 1,000,000 depositary shares, each representing a 1/100th interest in a share of its Series E Noncumulative Perpetual Preferred Stock, with a liquidation preference of $100,000 per share (equivalent to $1,000 per depositary share), at a public offering price of $1,000 per depositary share ($1 billion aggregate public offering price). Dividends will accrue on the liquidation amount of $100,000 per share of the Series E preferred stock at a rate per annum equal to (i) 4.950% from the original issue date of the Series E preferred stock to but excluding June 20, 2020 for each dividend period ending on or before June 20, 2020; and (ii) a floating rate equal to three-month LIBOR plus 3.42% from and including June 20, 2020 for each dividend period ending after June 20, 2020. Fixed rate dividends will be payable in arrears on June 20 and December 20 of each year, commencing on December 20, 2015, and floating rate dividends will be payable in arrears on March 20, June 20, September 20 and December 20 of each year, commencing on September 20, 2020. In each case, dividends will be paid only when, as and if declared by the board of directors of BNY Mellon (or a duly authorized committee of the board) and to the extent that BNY Mellon has legally available funds to pay dividends. Goldman, Sachs & Co., Citigroup Global Markets Inc., Deutsche Bank Securities Inc. and BNY Mellon Capital Markets, LLC served as joint book-running managers for the offering; Barclays Capital Inc., BNP Paribas Securities Corp., Credit Suisse Securities (USA) LLC, J.P. Morgan Securities LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, Morgan Stanley & Co. LLC, UBS Securities LLC and Wells Fargo Securities, LLC served as joint lead managers for the offering; and CIBC World Markets Corp., Jefferies & Company, Inc. and The Williams Capital Group, L.P. served as co-managers for the offering. The offering is expected to close on April 28, 2015.
JPM: 62.60 (-0.20), DB: 34.26 (+0.11), BK: 42.07 (-0.51), MS: 37.36 (-0.02)
BNY Mellon Announces Public Offering of Depositary Shares Representing Interests in Preferred Stock
PR Newswire - Thu Apr 23, 8:11AM CDT
BNY Mellon (NYSE: BK) today announced an underwritten public offering of depositary shares, each representing a 1/100th interest in a share of its Series E Noncumulative Perpetual Preferred Stock, with a liquidation preference of $100,000 per share (equivalent to $1,000 per depositary share). Goldman, Sachs & Co., Citigroup Global Markets Inc., Deutsche Bank Securities Inc. and BNY Mellon Capital Markets, LLC will serve as joint book-running managers for the offering.
DB: 34.26 (+0.11), BK: 42.07 (-0.51)
SmarTrend Watching for Potential Pullback in Shares of Bank of New York Mellon After 3.39% Gain
Comtex SmarTrend(R) - Wed Apr 22, 4:15PM CDT
Bank of New York Mellon (NYSE:BK) traded in a range yesterday that spanned from a low of $41.09 to a high of $42.44. Yesterday, the shares gained 3.4%, which took the trading range above the 3-day high of $41.16 on volume of 9.5 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.
BK: 42.07 (-0.51)
Look for Shares of Bank of New York Mellon to Potentially Pullback after Yesterday's 3.39% Rise
Comtex SmarTrend(R) - Wed Apr 22, 4:14PM CDT
Bank of New York Mellon (NYSE:BK) traded in a range yesterday that spanned from a low of $41.09 to a high of $42.44. Yesterday, the shares gained 3.4%, which took the trading range above the 3-day high of $41.16 on volume of 9.5 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.
BK: 42.07 (-0.51)
Bank Of New York Mellon (BK) Earnings Report: Q1 2015 Conference Call Transcript
at The Street - Wed Apr 22, 2:45PM CDT
The following Bank of New York Mellon (BK) conference call took place on April 22, 2015, 08:00 AM ET. This is a transcript of that earnings call:
BK: 42.07 (-0.51)
The Bank of New York Mellon's (BK) CEO Gerald Hassell on Q1 2015 Results - Earnings Call Transcript
SA Transcripts - at Seeking Alpha - Wed Apr 22, 11:53AM CDT
BK: 42.07 (-0.51)
Unusual Social Activity Today Around Bank Of New York Mellon (BK)
at The Street - Wed Apr 22, 10:04AM CDT
Trade-Ideas LLC identified Bank of New York Mellon (BK) as an unusual social activity candidate
BK: 42.07 (-0.51)
BNY Mellon Q1 Earnings Top Estimates on Improved Trading - Analyst Blog
Swayta Shah - Zacks Investment Research - Wed Apr 22, 9:54AM CDT
BNY Mellon's (BK) first-quarter 2015 earnings per share of 67 cents surpassed the Zacks Consensus Estimate of 59 cents, driven by improved trading volumes in the quarter.
NTRS: 73.10 (-0.69), STI: 40.47 (-0.44), CMA: 45.68 (-0.49), BK: 42.07 (-0.51)
Bank of New York Mellon (BK) Crosses Pivot Point Resistance at $41.20
Comtex SmarTrend(R) - Wed Apr 22, 9:10AM CDT
Shares of Bank of New York Mellon (NYSE:BK) have bullishly opened above the pivot of $41.00 today and have reached the first resistance level of $41.20. Investors may be interested in a cross of the next upside pivot targets of $41.37 and $41.74.
BK: 42.07 (-0.51)
The Bank of New York Mellon (BK) Q1 2015 Results - Earnings Call Webcast
SA Transcripts - at Seeking Alpha - Wed Apr 22, 6:55AM CDT
BK: 42.07 (-0.51)
BNY Mellon (BK) Beats on Q1 Earnings & Revenues - Tale of the Tape
Zacks Equity Research - Zacks Investment Research - Wed Apr 22, 6:54AM CDT
BNY Mellon (BK) Beats on Q1 Earnings & Revenues
BK: 42.07 (-0.51)
Expenses lower by 2% year-over-year at BNY Mellon
Seeking Alpha - at Seeking Alpha - Wed Apr 22, 6:14AM CDT
BK: 42.07 (-0.51)
Bank of New York Mellon beats by $0.08, beats on revenue
Seeking Alpha - at Seeking Alpha - Wed Apr 22, 5:51AM CDT
BK: 42.07 (-0.51)
BNY Mellon Reports First Quarter Earnings Of $766 Million Or $0.67 Per Common Share
PR Newswire - Wed Apr 22, 5:30AM CDT
-- Earnings per common share up 18% year-over-year
BK: 42.07 (-0.51)
Notable earnings before Wednesday's open
Seeking Alpha - at Seeking Alpha - Tue Apr 21, 4:30PM CDT
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Will Higher Revenues Aid Capital One's (COF) Q1 Earnings? - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Tue Apr 21, 2:20PM CDT
We expect Capital One to beat earnings expectations when it reports first-quarter 2015 results on Apr 23 after the market closes.
STT: 76.36 (-1.83), COF: 80.44 (-1.42), BKU: 33.10 (-0.29), BK: 42.07 (-0.51)
Will First Citizens Banc (FCZA) Surprise Earnings in Q1? - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Tue Apr 21, 2:10PM CDT
Will First Citizens Banc be able to overcome industry challenges? Or will it disappoint this earnings season as well? Let's see how things have shaped up for this announcement.
STT: 76.36 (-1.83), FCZA: 11.08 (+0.20), BKU: 33.10 (-0.29), BK: 42.07 (-0.51)
Will Rising Expenses Hurt BNY Mellon's (BK) Q1 Earnings? - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Mon Apr 20, 2:30PM CDT
Will BNY Mellon be able to overcome industry challenges? Or will it disappoint again? Let's see how things have shaped up for this announcement.
FITB: 19.54 (-0.16), STT: 76.36 (-1.83), BKU: 33.10 (-0.29), BK: 42.07 (-0.51)