Bank of New York Mellon (NYSE:BK – Get Free Report) had its price target boosted by equities research analysts at Morgan Stanley from $124.00 to $132.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm presently has an “overweight” rating on the bank’s stock. Morgan Stanley’s target price would suggest a potential upside of 6.60% from the stock’s previous close.
Other equities analysts also recently issued research reports about the company. BMO Capital Markets started coverage on Bank of New York Mellon in a research report on Friday, October 3rd. They set an “outperform” rating and a $125.00 target price on the stock. New Street Research set a $143.00 price objective on shares of Bank of New York Mellon in a report on Wednesday. Truist Financial upgraded shares of Bank of New York Mellon from a “hold” rating to a “buy” rating and upped their price objective for the stock from $119.00 to $134.00 in a research report on Wednesday, January 7th. Weiss Ratings reaffirmed a “buy (b+)” rating on shares of Bank of New York Mellon in a report on Monday, December 29th. Finally, Evercore ISI upped their price objective on Bank of New York Mellon from $91.00 to $110.00 and gave the company an “in-line” rating in a report on Tuesday, September 30th. Eleven equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $122.60.
Bank of New York Mellon Stock Performance
Bank of New York Mellon (NYSE:BK – Get Free Report) last issued its earnings results on Friday, October 31st. The bank reported $1.91 earnings per share for the quarter. Bank of New York Mellon had a net margin of 12.86% and a return on equity of 14.03%. The company had revenue of $5.07 billion during the quarter. On average, analysts forecast that Bank of New York Mellon will post 6.96 earnings per share for the current year.
Hedge Funds Weigh In On Bank of New York Mellon
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Westside Investment Management Inc. lifted its position in shares of Bank of New York Mellon by 78.9% during the second quarter. Westside Investment Management Inc. now owns 288 shares of the bank’s stock worth $26,000 after purchasing an additional 127 shares during the last quarter. Hoey Investments Inc. bought a new stake in Bank of New York Mellon in the second quarter worth about $32,000. Valley Wealth Managers Inc. acquired a new stake in Bank of New York Mellon during the third quarter valued at approximately $33,000. GFG Capital LLC acquired a new stake in shares of Bank of New York Mellon during the second quarter worth $36,000. Finally, Caldwell Trust Co purchased a new stake in Bank of New York Mellon during the second quarter valued at about $36,000. 85.31% of the stock is owned by institutional investors and hedge funds.
Bank of New York Mellon News Roundup
Here are the key news stories impacting Bank of New York Mellon this week:
- Positive Sentiment: Q4 beat — BK reported $2.08 EPS vs. $1.97 consensus and $5.18B revenue (above estimates); net interest income and fee income rose year‑over‑year, driving margin and profitability gains. MarketBeat Earnings
- Positive Sentiment: Analyst support — Bank of America Securities reiterated a Buy and kept a $142 price target, highlighting BNY’s AI-enabled franchise and upside to earnings/returns. TipRanks Analyst Note
- Positive Sentiment: Dividend maintained — Board declared a $0.53 quarterly common dividend (payable Feb 5), supporting the income profile for shareholders. PR Newswire Dividend Release
- Positive Sentiment: Management upgrades — CEO and management raised medium‑term profit targets and described the turnaround as taking hold, signaling confidence in execution and capital returns. CNBC Coverage
- Positive Sentiment: Lower short interest — December short interest fell ~16.9%, reducing an immediate source of downside pressure. Short Interest Note
- Neutral Sentiment: Shares recently reached an all‑time intraday high (~$122.40), reflecting strong market momentum into the print. Investing.com
- Neutral Sentiment: Full earnings materials and call/transcript available for deeper review (presentation, slides, call transcript). Seeking Alpha Presentation
- Negative Sentiment: Guidance caution — management and some coverage flagged a slowdown in revenue growth and that margin expansion may decelerate in 2026 as easy cost gains are exhausted, which caps upside expectations. Seeking Alpha Analysis
- Negative Sentiment: Mixed market reaction — some reports noted the stock slipped at one point despite the beat, suggesting profit‑taking or skepticism about forward momentum. TipRanks Market Reaction
About Bank of New York Mellon
Bank of New York Mellon Corporation (BNY Mellon) is a global financial services company headquartered in New York City that provides a wide range of asset servicing, custody, and related financial infrastructure solutions to institutional clients. Its core businesses include custody and asset servicing, clearing and collateral management, treasury services, securities lending, corporate trust services, and depositary receipt administration. The company also offers investment management and advisory services through its asset management arm and provides technology-enabled solutions for trade processing, foreign exchange, and liquidity management.
BNY Mellon serves a broad client base that includes asset managers, pension funds, corporations, banks, broker-dealers and sovereign entities.
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