Royal Bank Of Canada 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 equities researchers at Royal Bank Of Canada from $142.00 to $168.00 in a research note issued on Thursday,Benzinga reports. The firm presently has a “sector perform” rating on the bank’s stock. Royal Bank Of Canada’s target price indicates a potential upside of 6.54% from the company’s current price.

A number of other equities analysts have also recently issued reports on BNY. Truist Financial increased their target price on Bank of New York Mellon from $140.00 to $148.00 and gave the stock a “buy” rating in a report on Friday, April 17th. Morgan Stanley boosted their price target on Bank of New York Mellon from $135.00 to $139.00 and gave the company an “equal weight” rating in a research note on Friday, April 17th. Citigroup upped their price target on Bank of New York Mellon from $136.00 to $167.00 and gave the company a “neutral” rating in a research report on Tuesday, June 23rd. Evercore set a $136.00 price objective on Bank of New York Mellon in a research note on Friday, April 17th. Finally, JPMorgan Chase & Co. increased their price objective on Bank of New York Mellon from $140.00 to $149.00 and gave the stock an “overweight” rating in a research note on Monday, July 6th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $152.85.

Bank of New York Mellon Stock Performance

NYSE BNY opened at $157.69 on Thursday. Bank of New York Mellon has a twelve month low of $97.70 and a twelve month high of $163.77. The company has a quick ratio of 0.75, a current ratio of 0.72 and a debt-to-equity ratio of 0.76. The stock has a market cap of $108.24 billion, a P/E ratio of 18.36, a PEG ratio of 1.15 and a beta of 1.07. The company’s 50-day simple moving average is $143.95 and its 200 day simple moving average is $129.76.

Bank of New York Mellon (NYSE:BNY) last announced its quarterly 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 firm had revenue of $5.70 billion during 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%. The company’s revenue for the quarter was up 13.3% compared to the same quarter last year. During the same quarter last year, the company earned $1.93 earnings per share. As a group, research analysts forecast 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

A number of hedge funds and other institutional investors have recently bought and sold shares of BNY. CIBC Asset Management Inc boosted its position in Bank of New York Mellon by 53.8% during the fourth quarter. CIBC Asset Management Inc now owns 182,002 shares of the bank’s stock valued at $21,129,000 after purchasing an additional 63,627 shares during the last quarter. Todd Asset Management LLC increased its position in shares of Bank of New York Mellon by 37.5% during the 4th quarter. Todd Asset Management LLC now owns 370,998 shares of the bank’s stock worth $43,069,000 after purchasing an additional 101,142 shares during the last quarter. Cullen Investment Group LTD. increased its position in shares of Bank of New York Mellon by 1,691.4% during the 4th quarter. Cullen Investment Group LTD. now owns 38,730 shares of the bank’s stock worth $4,610,000 after purchasing an additional 36,568 shares during the last quarter. CIBC Bancorp USA Inc. bought a new stake in shares of Bank of New York Mellon during the 3rd quarter worth approximately $10,641,000. Finally, Prospera Financial Services Inc raised its stake in shares of Bank of New York Mellon by 106.5% during the 4th quarter. Prospera Financial Services Inc now owns 19,126 shares of the bank’s stock worth $2,220,000 after purchasing an additional 9,865 shares in the last quarter. 85.31% of the stock is owned by institutional investors and hedge funds.

Key Stories 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

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.