SEI Investments will report its second-quarter earnings this Wednesday after the market closes. Analysts expect revenue to grow 13.8% year on year, an acceleration from the 7.8% increase in the same quarter last year. The company beat revenue expectations last quarter, reporting $622.2 million, up 12.8% year on year. Peers in the custody bank segment have already posted strong results, with BNY delivering 13.3% revenue growth and State Street reporting a 16.7% increase. SEI Investments shares have risen 9.8% over the past month, and the average analyst price target stands at $107.57 compared to the current share price of $99.40.
The Bank of New York Mellon Corporation
State Street CorpSEI Investments CompanySEI Investments is the subject of the article; expected earnings beat and positive analyst sentiment.