NEW YORK (TheStreet) -- Shares of Bank of New York Mellon Corp. are lower by 3.67% to $37.30 in mid-morning trading on Friday, after the company reported its 2014 fourth quarter earnings results which came in lower than analysts expected. For the most recent quarter the global financial services company said its adjusted net earnings were 58 cents per diluted share. Analysts polled by Thomson Reuters were expecting earnings of 59 cents. While revenue for the 2014 fourth quarter grew by 2% to $3.69 billion, analysts had forecast for $3.81 billion in revenue for the latest quarter. Exclusive Report: Jim Cramer's Best Stocks for 2015 STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more. Bank of New York Mellon's lower than expected revenue canceled out its stronger than expected expense controls, as a result of a "soft quarter" for its issuer services unit, an analyst with Evercore ISI told the Wall Street Journal. Issuer services revenue declined by 19% to $193 million from the year ago period, its lowest level since 2007, a CLSA analyst said on the company's earnings call, the Journal noted. Issuer services deals with stock and debt issuers from across the globe. Separately, TheStreet Ratings team rates BANK OF NEW YORK MELLON CORP as a Buy with a ratings score of A. TheStreet Ratings Team has this to say about their recommendation: "We rate BANK OF NEW YORK MELLON CORP (BK) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its solid stock price performance, attractive valuation levels, expanding profit margins, good cash flow from operations and growth in earnings per share. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results." You can view the full analysis from the report here: BK Ratings Report BK data by YCharts STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.
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