Bank of New York Mellon (NYSE:BNY) Price Target Raised to $178.00

Bank of New York Mellon (NYSE:BNY) had its target price hoisted by Barclays from $149.00 to $178.00 in a research report sent to investors on Thursday,Benzinga reports. The brokerage currently has an overweight rating on the bank’s stock.

BNY has been the subject of a number of other reports. Truist Financial upped their price target on Bank of New York Mellon from $140.00 to $148.00 and gave the company a “buy” rating in a report on Friday, April 17th. Royal Bank Of Canada boosted their price objective on shares of Bank of New York Mellon from $130.00 to $142.00 and gave the stock a “sector perform” rating in a research report on Friday, April 17th. JPMorgan Chase & Co. upped their target price on shares of Bank of New York Mellon from $140.00 to $149.00 and gave the company an “overweight” rating in a report on Monday, July 6th. Keefe, Bruyette & Woods increased their target price on shares of Bank of New York Mellon from $166.00 to $177.00 and gave the company an “outperform” rating in a research report on Thursday. Finally, Wells Fargo & Company increased their target price on shares of Bank of New York Mellon from $137.00 to $152.00 and gave the company an “equal weight” rating in a research report on Wednesday, June 24th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $152.85.

Bank of New York Mellon Stock Down 2.0%

Shares of NYSE BNY opened at $157.69 on Thursday. The business has a 50-day moving average of $143.95 and a two-hundred day moving average of $129.76. The company has a market capitalization of $108.24 billion, a price-to-earnings ratio of 18.36, a price-to-earnings-growth ratio of 1.13 and a beta of 1.07. Bank of New York Mellon has a 1 year low of $97.70 and a 1 year high of $163.77. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.72 and a quick ratio of 0.75.

Bank of New York Mellon (NYSE:BNY) last released its quarterly earnings data on Wednesday, July 15th. The bank reported $2.46 EPS for the quarter, beating analysts’ consensus estimates of $2.16 by $0.30. Bank of New York Mellon had a return on equity of 16.00% and a net margin of 15.52%.The business had revenue of $5.70 billion for the quarter, compared to the consensus estimate of $5.35 billion. During the same quarter in the prior year, the business posted $1.93 EPS. The business’s revenue for the quarter was up 13.3% on a year-over-year basis. On average, analysts forecast that Bank of New York Mellon will post 9.14 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Bank of New York Mellon

Large investors have recently modified their holdings of the company. Linscomb Wealth Inc. lifted its stake in shares of Bank of New York Mellon by 2.5% in the fourth quarter. Linscomb Wealth Inc. now owns 3,240 shares of the bank’s stock valued at $376,000 after purchasing an additional 80 shares during the period. Ransom Advisory Ltd grew its position in Bank of New York Mellon by 1.3% during the fourth quarter. Ransom Advisory Ltd now owns 6,777 shares of the bank’s stock worth $787,000 after buying an additional 85 shares during the period. Mather Group LLC. grew its position in Bank of New York Mellon by 0.9% during the fourth quarter. Mather Group LLC. now owns 9,232 shares of the bank’s stock worth $1,072,000 after buying an additional 86 shares during the period. Parkside Financial Bank & Trust increased its holdings in Bank of New York Mellon by 3.2% in the fourth quarter. Parkside Financial Bank & Trust now owns 2,805 shares of the bank’s stock valued at $326,000 after buying an additional 88 shares in the last quarter. Finally, Essex Financial Services Inc. increased its holdings in Bank of New York Mellon by 0.5% in the fourth quarter. Essex Financial Services Inc. now owns 17,584 shares of the bank’s stock valued at $2,041,000 after buying an additional 89 shares in the last quarter. 85.31% of the stock is owned by institutional investors and hedge funds.

Bank of New York Mellon News Summary

Here are the key news stories impacting Bank of New York Mellon this week:

• Positive Sentiment: BNY posted stronger-than-expected Q2 results, with revenue hitting a record and profit topping estimates, reinforcing the view that its custody, asset servicing, and foreign exchange businesses are benefiting from elevated client activity. Article Title
• Positive Sentiment: The company raised its 2026 outlook and boosted payouts, which investors generally see as a sign of confidence in future earnings and capital strength. Article Title
• Positive Sentiment: Multiple firms raised price targets after the earnings report, including Truist to $178, Barclays to $178, KBW to $177, RBC to $168, and Wells Fargo to $162, signaling broad analyst confidence that the stock can move higher from current levels. Article Title
• Positive Sentiment: Coverage was also initiated by Erste Group Bank, adding to the overall constructive analyst backdrop for the shares. Article Title
• Neutral Sentiment: BNY priced a $500 million offering of depositary shares tied to preferred stock, a move that may support balance-sheet flexibility but can also dilute existing holders, making the stock reaction less clear-cut. Article Title
• Neutral Sentiment: Commentary around BNY’s AI investments and “measurable” client impact supports the long-term growth story, but it is more of a strategic narrative than an immediate catalyst. Article Title
• Negative Sentiment: Despite the strong quarter, some reports noted the shares traded lower because investors may have expected an even stronger 2026 guidance update, suggesting the outlook was good but not enough to fully satisfy expectations. Article Title

About Bank of New York Mellon

BNY, formerly known as BNY Mellon, is a global financial services company headquartered in New York City. Formed in 2007 through the merger of the Bank of New York and Mellon Financial Corporation, BNY traces its roots back to 1784, making it one of the oldest banking institutions in the United States. It was also the first company listed on the New York Stock Exchange.

BNY operates at the center of the world’s capital markets, partnering with clients to help them operate more efficiently and accelerate growth.