Bank of New York Mellon (NYSE:BNY) Research Coverage Started at Erste Group Bank

Erste Group Bank began coverage on shares of Bank of New York Mellon (NYSE:BNY) in a research report sent to investors on Wednesday, Marketbeat Ratings reports. The firm issued a buy rating on the bank’s stock.

Other equities research analysts also recently issued research reports about the stock. Keefe, Bruyette & Woods increased their target price on shares of Bank of New York Mellon from $143.00 to $150.00 and gave the company an “outperform” rating in a research note on Friday, April 17th. Wall Street Zen upgraded shares of Bank of New York Mellon to a “hold” rating in a report on Saturday, May 23rd. Barclays increased their price objective on shares of Bank of New York Mellon from $143.00 to $149.00 and gave the stock an “overweight” rating in a research report on Friday, April 17th. Morgan Stanley boosted their target price on Bank of New York Mellon from $135.00 to $139.00 and gave the company an “equal weight” rating in a research report on Friday, April 17th. Finally, Wells Fargo & Company upped their target price on Bank of New York Mellon from $137.00 to $152.00 and gave the company an “equal weight” rating in a research note on Wednesday, June 24th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $152.85.

Bank of New York Mellon Stock Performance

NYSE:BNY opened at $157.69 on Wednesday. The company has a market cap of $108.24 billion, a price-to-earnings ratio of 18.36, a PEG ratio of 1.15 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 stock’s 50 day simple moving average is $143.95 and its two-hundred day simple moving average is $129.76. 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 announced its earnings results on Wednesday, July 15th. The bank reported $2.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.16 by $0.30. Bank of New York Mellon had a net margin of 15.52% and a return on equity of 16.00%. The firm had revenue of $5.70 billion for the quarter, compared to analysts’ expectations of $5.35 billion. During the same period in the prior year, the company earned $1.93 EPS. The business’s revenue was up 13.3% compared to the same quarter last year. As a group, equities analysts anticipate that Bank of New York Mellon will post 9.17 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in BNY. Abound Financial LLC bought a new position in shares of Bank of New York Mellon during the fourth quarter valued at approximately $25,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in Bank of New York Mellon in the fourth quarter worth approximately $27,000. MCF Advisors LLC lifted its holdings in Bank of New York Mellon by 74.8% during the fourth quarter. MCF Advisors LLC now owns 236 shares of the bank’s stock worth $27,000 after buying an additional 101 shares during the period. Marquette Asset Management LLC lifted its holdings in Bank of New York Mellon by 174.7% during the fourth quarter. Marquette Asset Management LLC now owns 261 shares of the bank’s stock worth $30,000 after buying an additional 166 shares during the period. Finally, Heritage Wealth Advisors bought a new stake in Bank of New York Mellon during the 4th quarter valued at $31,000. Hedge funds and other institutional investors own 85.31% of the company’s stock.

More Bank of New York Mellon News

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

Bank of New York Mellon Company Profile

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.