Bank of New York Mellon (NYSE:BNY) Coverage Initiated by Analysts at Erste Group Bank

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

Other analysts also recently issued research reports about the stock. Keefe, Bruyette & Woods raised their price target on shares of Bank of New York Mellon from $143.00 to $150.00 and gave the stock an “outperform” rating in a report on Friday, April 17th. Barclays increased their price objective on 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. Wall Street Zen raised Bank of New York Mellon to a “hold” rating in a research note on Saturday, May 23rd. Morgan Stanley lifted 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, JPMorgan Chase & Co. upped their price target on Bank of New York Mellon from $140.00 to $149.00 and gave the company an “overweight” rating in a research note on Monday, July 6th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $143.46.

Bank of New York Mellon Trading Up 5.2%

Shares of BNY opened at $162.58 on Wednesday. Bank of New York Mellon has a 12-month low of $93.37 and a 12-month high of $162.73. The firm has a market capitalization of $111.59 billion, a P/E ratio of 20.15, a P/E/G ratio of 1.14 and a beta of 1.07. The firm has a 50-day moving average price of $142.80 and a 200 day moving average price of $129.26. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.82.

Bank of New York Mellon (NYSE:BNY) last issued its earnings results on Wednesday, July 15th. The bank reported $2.46 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 the consensus estimate of $5.35 billion. Bank of New York Mellon had a net margin of 14.60% and a return on equity of 15.29%. Bank of New York Mellon’s quarterly revenue was up 13.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.93 earnings per share. Sell-side analysts forecast that Bank of New York Mellon will post 8.94 EPS for the current year.

Insider Transactions at Bank of New York Mellon

In other news, VP Shannon Marie Hobbs sold 297 shares of the firm’s stock in a transaction on Friday, April 17th. The stock was sold at an average price of $137.05, for a total transaction of $40,703.85. Following the completion of the transaction, the vice president directly owned 15,206 shares in the company, valued at $2,083,982.30. This trade represents a 1.92% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Kurtis R. Kurimsky sold 5,290 shares of Bank of New York Mellon stock in a transaction on Friday, April 17th. The shares were sold at an average price of $136.02, for a total value of $719,545.80. Following the completion of the sale, the insider directly owned 17,259 shares of the company’s stock, valued at $2,347,569.18. The trade was a 23.46% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 48,091 shares of company stock worth $6,568,423 in the last ninety days. 0.17% of the stock is owned by company insiders.

Institutional Trading of Bank of New York Mellon

Institutional investors and hedge funds have recently bought and sold shares of the business. Abound Financial LLC purchased a new position in Bank of New York Mellon in the fourth quarter valued at $25,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Bank of New York Mellon during the 4th quarter worth about $27,000. MCF Advisors LLC increased its holdings in 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 period. Marquette Asset Management LLC increased its holdings in 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 worth $30,000 after purchasing an additional 166 shares during the period. Finally, Heritage Wealth Advisors acquired a new stake in Bank of New York Mellon in the 4th quarter valued at about $31,000. 85.31% of the stock is currently owned by hedge funds and other institutional investors.

Bank of New York Mellon News Roundup

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

• Positive Sentiment: BNY delivered a sizable Q2 earnings and revenue beat, helped by stronger fee income and net interest income, which supports the stock’s advance. BNY Q2 Earnings Beat on Growth in NII & Fee Income, Dividend Hiked
• Positive Sentiment: The board raised the quarterly common dividend to $0.63 per share, signaling confidence in cash generation and capital strength. BNY Declares Dividends
• Positive Sentiment: BNY also issued full-year 2026 revenue guidance of $22.0 billion to $22.2 billion, above consensus, suggesting management expects the growth trend to continue. BNY Reports Second Quarter 2026 Results
• Positive Sentiment: Coverage upgrades and a new buy rating from Erste Group Bank added to bullish sentiment around the name. Finviz
• Neutral Sentiment: Investors are also watching the earnings call transcript and management commentary for clues on whether the strong quarter can be sustained into the second half. The Bank of New York Mellon Corporation (BNY) Q2 2026 Earnings Call Transcript
• Neutral Sentiment: The unusually large put-option activity suggests some traders are hedging after the stock’s sharp run-up, but it does not change the core earnings story.

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.