Bank of New York Mellon (NYSE:BNY) Price Target Raised to $162.00

Bank of New York Mellon (NYSE:BNY) had its target price lifted by Wells Fargo & Company from $152.00 to $162.00 in a report issued on Thursday morning,Benzinga reports. The brokerage currently has an equal weight rating on the bank’s stock.

A number of other brokerages also recently weighed in on BNY. Evercore set a $136.00 target price on shares of Bank of New York Mellon in a report on Friday, April 17th. Wall Street Zen upgraded shares of Bank of New York Mellon to a “hold” rating in a research note on Saturday, May 23rd. Morgan Stanley lifted their price objective on shares of 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. Keefe, Bruyette & Woods boosted their price objective on shares of Bank of New York Mellon from $166.00 to $177.00 and gave the stock an “outperform” rating in a research note on Thursday. Finally, 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. One 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 company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $152.85.

Bank of New York Mellon Stock Down 2.0%

NYSE:BNY opened at $157.69 on Thursday. The firm 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 twelve month low of $97.70 and a twelve month high of $163.77. The stock’s 50 day moving average price is $143.95 and its two-hundred day moving average price is $129.76. The company has a quick ratio of 0.75, a current ratio of 0.72 and a debt-to-equity ratio of 0.76.

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

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in BNY. Abound Financial LLC bought a new stake in shares of Bank of New York Mellon in the fourth quarter valued at approximately $25,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in Bank of New York Mellon during the 4th quarter worth $27,000. MCF Advisors LLC raised its holdings in Bank of New York Mellon by 74.8% in the 4th quarter. MCF Advisors LLC now owns 236 shares of the bank’s stock valued at $27,000 after acquiring an additional 101 shares in the last quarter. Marquette Asset Management LLC lifted its position in shares of Bank of New York Mellon by 174.7% during the 4th quarter. Marquette Asset Management LLC now owns 261 shares of the bank’s stock valued at $30,000 after acquiring an additional 166 shares during the period. Finally, Heritage Wealth Advisors bought a new stake in shares of Bank of New York Mellon during the 4th quarter valued at $31,000. 85.31% of the stock is owned by institutional investors.

Key Headlines Impacting Bank of New York Mellon

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.