Skip to main content

BNY (BNY) Q2 Earnings: What To Expect

ⓘ This article is third-party content and does not represent the views of this site. We make no guarantees regarding its accuracy or completeness.

BNY Cover Image

Global financial services company BNY NYSE: BNY) will be reporting earnings this Wednesday morning. Here’s what investors should know.

BNY beat analysts’ revenue expectations last quarter, reporting revenues of $5.41 billion, up 13.8% year on year. It was an exceptional quarter for the company, with a beat of analysts’ EPS estimates.

Is BNY a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, the market is expecting BNY’s revenue to grow 7.5% year on year, slowing from the 9.4% increase it recorded in the same quarter last year.

BNY Total Revenue

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. BNY has a history of exceeding Wall Street’s expectations.

Looking at BNY’s peers in the capital markets segment, some have already reported their Q2 results, giving us a hint as to what we can expect. FactSet delivered year-on-year revenue growth of 6.4%, beating analysts’ expectations by 1.1%, and Jefferies reported revenues up 35%, falling short of estimates by 3.1%.

Read our full analysis of FactSet’s results here and Jefferies’s results here.

There has been positive sentiment among investors in the capital markets segment, with share prices up 3.5% on average over the last month. BNY is up 5.3% during the same time and is heading into earnings with an average analyst price target of $153.86 (compared to the current share price of $150.00).

ONE MORE THING: 3 Hidden Platforms Growing 3X Faster than Amazon, Google, and PayPal. Amazon, Google, and Meta all followed the same playbook: Dominate an ignored market. Build an unbeatable moat. Scale until you’re unstoppable.

These three platforms are running that exact playbook right now. The early investors in Amazon made fortunes. The early investors in these could do the same. Get All 3 Stocks Here for FREE.

Report this content

If you believe this article contains misleading, harmful, or spam content, please let us know.

Report this article

Recent Quotes

View More
Symbol Price Change (%)
AMZN  247.31
+0.00 (0.00%)
AAPL  317.31
+0.00 (0.00%)
AMD  534.39
+0.00 (0.00%)
BAC  59.50
+0.00 (0.00%)
GOOG  350.67
+0.00 (0.00%)
META  656.73
+0.00 (0.00%)
MSFT  390.99
+0.00 (0.00%)
NVDA  203.53
+0.00 (0.00%)
ORCL  131.54
+0.00 (0.00%)
TSLA  394.76
+0.00 (0.00%)
Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the Privacy Policy and Terms Of Service.