Wells Fargo & Company Forecasts Strong Price Appreciation for Bank of New York Mellon (NYSE:BNY) Stock

Bank of New York Mellon (NYSE:BNY) had its target price lifted by analysts at Wells Fargo & Company from $152.00 to $162.00 in a report released on Thursday,Benzinga reports. The firm currently has an “equal weight” rating on the bank’s stock. Wells Fargo & Company‘s price objective indicates a potential upside of 2.73% from the stock’s previous close.

Several other analysts have also weighed in on BNY. Morgan Stanley upped 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 report on Friday, April 17th. Wall Street Zen upgraded shares of Bank of New York Mellon to a “hold” rating in a research report on Saturday, May 23rd. JPMorgan Chase & Co. raised 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. Weiss Ratings upgraded shares of Bank of New York Mellon from a “buy (a-)” rating to a “buy (a)” rating in a research report on Monday, May 4th. Finally, Truist Financial upped their price target on shares of 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. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $152.85.

Bank of New York Mellon Price Performance

Bank of New York Mellon stock opened at $157.69 on Thursday. The company has a market cap of $108.24 billion, a P/E ratio of 18.36, a price-to-earnings-growth ratio of 1.15 and a beta of 1.07. Bank of New York Mellon has a one year low of $97.70 and a one year high of $163.77. The business has a fifty day moving average of $143.95 and a two-hundred day moving average of $129.76. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.75 and a current ratio of 0.72.

Bank of New York Mellon (NYSE:BNY) last announced its quarterly earnings data on Wednesday, July 15th. The bank reported $2.46 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 during the quarter, compared to analysts’ expectations of $5.35 billion. During the same quarter last year, the business earned $1.93 earnings per share. The business’s revenue for the quarter was up 13.3% compared to the same quarter last year. As a group, analysts predict that Bank of New York Mellon will post 9.17 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Bank of New York Mellon

Institutional investors have recently bought and sold shares of the stock. Linscomb Wealth Inc. raised its position in shares of Bank of New York Mellon by 2.5% in the 4th quarter. Linscomb Wealth Inc. now owns 3,240 shares of the bank’s stock valued at $376,000 after buying an additional 80 shares in the last quarter. Ransom Advisory Ltd boosted its position in shares of Bank of New York Mellon by 1.3% during the 4th quarter. Ransom Advisory Ltd now owns 6,777 shares of the bank’s stock worth $787,000 after acquiring an additional 85 shares in the last quarter. Mather Group LLC. boosted its position in shares of Bank of New York Mellon by 0.9% during the 4th quarter. Mather Group LLC. now owns 9,232 shares of the bank’s stock worth $1,072,000 after acquiring an additional 86 shares in the last quarter. Parkside Financial Bank & Trust increased its stake 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 acquiring an additional 88 shares during the last quarter. Finally, Essex Financial Services Inc. raised its position in Bank of New York Mellon by 0.5% during the fourth quarter. Essex Financial Services Inc. now owns 17,584 shares of the bank’s stock valued at $2,041,000 after purchasing an additional 89 shares in the last quarter. 85.31% of the stock is currently owned by hedge funds and other institutional investors.

Key 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.