What is Erste Group Bank’s Forecast for BNY FY2026 Earnings?

Bank of New York Mellon Corporation (NYSE:BNY) – Analysts at Erste Group Bank upped their FY2026 earnings per share estimates for Bank of New York Mellon in a note issued to investors on Monday, July 27th. Erste Group Bank analyst H. Engel now forecasts that the bank will post earnings per share of $9.20 for the year, up from their previous forecast of $8.96. Erste Group Bank currently has a “Buy” rating on the stock. The consensus estimate for Bank of New York Mellon’s current full-year earnings is $9.22 per share. Erste Group Bank also issued estimates for Bank of New York Mellon’s FY2027 earnings at $10.20 EPS.

Several other analysts also recently weighed in on BNY. Weiss Ratings raised shares of Bank of New York Mellon from a “buy (a-)” rating to a “buy (a)” rating in a report on Monday, May 4th. Wells Fargo & Company increased their price target on shares of Bank of New York Mellon from $152.00 to $162.00 and gave the stock an “equal weight” rating in a report on Thursday, July 16th. Truist Financial raised their price objective on shares of Bank of New York Mellon from $160.00 to $178.00 and gave the company a “buy” rating in a research report on Thursday, July 16th. Argus lifted their price objective on Bank of New York Mellon from $153.00 to $180.00 and gave the company a “buy” rating in a report on Wednesday, July 22nd. Finally, Barclays boosted their target price on Bank of New York Mellon from $149.00 to $178.00 and gave the stock an “overweight” rating in a research report on Thursday, July 16th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $156.47.

Bank of New York Mellon Stock Down 0.7%

BNY stock opened at $156.71 on Wednesday. Bank of New York Mellon has a one year low of $98.40 and a one year high of $163.77. The stock has a market capitalization of $107.56 billion, a PE ratio of 18.24, a price-to-earnings-growth ratio of 1.12 and a beta of 1.07. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.75 and a current ratio of 0.72. The company has a fifty day moving average of $147.25 and a 200-day moving average of $131.82.

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, beating the consensus estimate 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 net margin of 15.52% and a return on equity of 16.00%. Bank of New York Mellon’s revenue was up 13.3% compared to the same quarter last year. During the same period in the previous year, the company posted $1.93 EPS.

Hedge Funds Weigh In On Bank of New York Mellon

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BNY. Abound Financial LLC acquired 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. purchased a new position in shares of Bank of New York Mellon during the 4th quarter worth approximately $27,000. MCF Advisors LLC raised its position in shares of Bank of New York Mellon by 74.8% during the 4th quarter. MCF Advisors LLC now owns 236 shares of the bank’s stock worth $27,000 after purchasing an additional 101 shares during the last quarter. Marquette Asset Management LLC lifted its stake in Bank of New York Mellon by 174.7% in the 4th quarter. Marquette Asset Management LLC now owns 261 shares of the bank’s stock valued at $30,000 after buying an additional 166 shares in the last quarter. Finally, Heritage Wealth Advisors purchased a new stake in Bank of New York Mellon in the 4th quarter valued at approximately $31,000. Institutional investors and hedge funds own 85.31% of the company’s stock.

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.