Bank of New York Mellon Corp
BK: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$46.00 | Kvzr | Ndlwqzgxv |
BNY Mellon Earnings: Solid Quarter and Decent Outlook Particularly on Expenses
Wide-moat-rated BNY Mellon reported solid core results excluding some notable items. Excluding notable items, revenue of $4.46 billion beat the FactSet consensus estimate of $4.30 billion. As we tweak our model, we are maintaining our fair value estimate of $56 per share and regard shares as roughly fairly valued.