Earnings Preview: BK, CNXC, DAL, JPM Set to Report
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: seekingalpha
- Earnings Preview: On Tuesday, The Bank of New York Mellon (BK), Concentrix (CNXC), Delta Air Lines (DAL), and JPMorgan Chase (JPM) are set to report earnings, with market participants keenly awaiting their performance and guidance, which could influence investor sentiment and stock price volatility.
- Market Reaction: Investors will closely monitor these earnings reports, particularly JPMorgan's results as a major financial institution, which could significantly impact overall market sentiment amid increasing economic uncertainty.
- Industry Impact: Delta Air Lines' performance will be viewed as a bellwether for the airline industry's recovery; a strong earnings report could boost confidence in airline stocks, while a weak report could have the opposite effect.
- Investor Strategy: As earnings season approaches, investors may adjust their portfolios in anticipation of the upcoming results, especially given the uncertainties surrounding economic data and interest rate policies.
Analyst Views on BK
Wall Street analysts forecast BK stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for BK is 118.89 USD with a low forecast of 109.00 USD and a high forecast of 133.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
14 Analyst Rating
8 Buy
6 Hold
0 Sell
Moderate Buy
Current: 119.040
Low
109.00
Averages
118.89
High
133.00
Current: 119.040
Low
109.00
Averages
118.89
High
133.00
About BK
The Bank of New York Mellon Corporation is a global financial services company. The Company’s business segment includes Securities Services, Market and Wealth Services and Investment and Wealth Management. The Securities Services business segment consists of Asset Servicing and Issuer Services, which provide business solutions across the transaction life cycle to its global asset owner and asset manager clients. The Market and Wealth Services business segment consists of three lines of business, Pershing, Treasury Services and Clearance and Collateral Management, which provide business services and technology solutions. Its Investment and Wealth Management business segment deliver a diversified portfolio of investment strategies independently, and through its global distribution network, to institutional and retail clients globally. It provides investment management, custody, wealth and estate planning, private banking services, investment servicing and information management.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
