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The Bank of New York Mellon Corporation

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BNY Mellon’s fourth-quarter 2015 adjusted earnings surpassed the Zacks Consensus Estimate. Primarily, an increase in revenues and lower operating expenses acted favorably. These were, however, partly offset by higher provisions. We believe the company’s top-line growth will come on the back of restructuring initiatives and inorganic growth strategy. Also, the company’s expanding client base and improved business platform are expected to provide economies of scale. However, costs are anticipated to rise in the near term, led by increased litigation and restructuring expenses. Also, impact of stringent regulations and margin pressure remain as matters of concern.

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