Bank of New York Mellon (NYSE:BNY) Given New $178.00 Price Target at Truist Financial

Bank of New York Mellon (NYSE:BNY) had its price objective boosted by Truist Financial from $160.00 to $178.00 in a research note published on Thursday morning,Benzinga reports. They currently have a buy rating on the bank’s stock.

Other equities research analysts have also issued research reports about the company. Keefe, Bruyette & Woods raised their target price on Bank of New York Mellon from $166.00 to $177.00 and gave the stock an “outperform” rating in a research report on Thursday. Wells Fargo & Company upped their price target on Bank of New York Mellon from $152.00 to $162.00 and gave the company an “equal weight” rating in a report on Thursday. Citigroup increased their price target on shares of Bank of New York Mellon from $136.00 to $167.00 and gave the company a “neutral” rating in a research note on Tuesday, June 23rd. Wall Street Zen raised shares of Bank of New York Mellon to a “hold” rating in a report on Saturday, May 23rd. Finally, Evercore set a $136.00 price objective on shares of Bank of New York Mellon in a research report on Friday, April 17th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $152.85.

Bank of New York Mellon Stock Performance

NYSE:BNY opened at $160.73 on Thursday. Bank of New York Mellon has a 12 month low of $95.13 and a 12 month high of $163.77. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.72 and a quick ratio of 0.75. The firm has a market capitalization of $110.32 billion, a PE ratio of 18.71, a price-to-earnings-growth ratio of 1.19 and a beta of 1.07. The business’s fifty day moving average price is $143.41 and its 200 day moving average price is $129.56.

Bank of New York Mellon (NYSE:BNY) last announced its quarterly earnings results 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 during the quarter, compared to the consensus estimate of $5.35 billion. Bank of New York Mellon had a return on equity of 16.00% and a net margin of 15.52%.Bank of New York Mellon’s revenue for the quarter was up 13.3% on a year-over-year basis. During the same period in the previous year, the business earned $1.93 EPS. On average, sell-side analysts anticipate that Bank of New York Mellon will post 8.94 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Bank of New York Mellon

Several large investors have recently modified their holdings of the company. Linscomb Wealth Inc. raised its position in 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 purchasing an additional 80 shares during the last quarter. Ransom Advisory Ltd increased its stake in Bank of New York Mellon by 1.3% in the fourth quarter. Ransom Advisory Ltd now owns 6,777 shares of the bank’s stock valued at $787,000 after purchasing an additional 85 shares during the period. Mather Group LLC. increased its stake in Bank of New York Mellon by 0.9% in the fourth quarter. Mather Group LLC. now owns 9,232 shares of the bank’s stock valued at $1,072,000 after purchasing an additional 86 shares during the period. Parkside Financial Bank & Trust raised its holdings in shares of 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 buying an additional 88 shares during the last quarter. Finally, Essex Financial Services Inc. raised its holdings in shares of Bank of New York Mellon by 0.5% in the fourth quarter. Essex Financial Services Inc. now owns 17,584 shares of the bank’s stock valued at $2,041,000 after buying an additional 89 shares during the last quarter. 85.31% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about Bank of New York Mellon

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

• Positive Sentiment: BNY reported stronger-than-expected Q2 results, with EPS of $2.46 topping estimates and revenue of $5.70 billion beating forecasts, while revenue rose 13.3% year over year. BNY Reports Second Quarter 2026 Results
• Positive Sentiment: The company raised its quarterly common dividend by 19%, reinforcing confidence in cash generation and shareholder returns. BNY Declares Dividends
• Positive Sentiment: Multiple Wall Street firms raised price targets after the earnings release, including Barclays, Keefe, Bruyette & Woods, Truist, RBC, and Wells Fargo, which suggests analysts see more upside ahead. Analyst price target updates
• Neutral Sentiment: BNY announced pricing for a $500 million depositary shares offering tied to preferred stock, a move that adds capital but can also dilute returns for common shareholders. BNY Announces Pricing of Public Offering of $500,000,000 of Depositary Shares Representing Interests in Preferred Stock
• Neutral Sentiment: Commentary around BNY’s record revenue, AI initiatives, and improved business momentum supports the longer-term story, but these items are more background than immediate stock-moving catalysts. BNY Revenue Hits Record, Driving Stronger-Than-Expected Profit
• Negative Sentiment: Despite the beat, the stock has been pressured because the company’s improved 2026 outlook appears to have fallen short of the market’s elevated expectations. BNY Mellon trades lower despite strong Q2, improved 2026 guidance
• Negative Sentiment: Unusual demand for put options also suggests some traders were positioning for downside or hedging after the earnings announcement. Unusual options trading activity

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.