Truist Financial Forecasts Strong Price Appreciation for Bank of New York Mellon (NYSE:BNY) Stock

Bank of New York Mellon (NYSE:BNY) had its target price upped by stock analysts at Truist Financial from $160.00 to $178.00 in a note issued to investors on Thursday,Benzinga reports. The firm presently has a “buy” rating on the bank’s stock. Truist Financial’s target price would indicate a potential upside of 12.88% from the stock’s current price.

Several other brokerages have also recently weighed in on BNY. Morgan Stanley lifted their price target on shares of Bank of New York Mellon from $135.00 to $139.00 and gave the stock an “equal weight” rating in a research note on Friday, April 17th. Barclays upped their price objective on Bank of New York Mellon from $149.00 to $178.00 and gave the stock an “overweight” rating in a research note on Thursday. Wall Street Zen raised Bank of New York Mellon to a “hold” rating in a report on Saturday, May 23rd. Weiss Ratings upgraded Bank of New York Mellon from a “buy (a-)” rating to a “buy (a)” rating in a research report on Monday, May 4th. Finally, Evercore set a $136.00 price target on Bank of New York Mellon in a report on Friday, April 17th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $152.85.

Bank of New York Mellon Stock Performance

BNY opened at $157.69 on Thursday. The company has a current ratio of 0.72, a quick ratio of 0.75 and a debt-to-equity ratio of 0.76. The company has a market cap of $108.24 billion, a price-to-earnings ratio of 18.36, a PEG ratio of 1.15 and a beta of 1.07. The company’s 50 day moving average is $143.95 and its 200 day moving average is $129.76. Bank of New York Mellon has a 12-month low of $97.70 and a 12-month high of $163.77.

Bank of New York Mellon (NYSE:BNY) last announced its earnings results 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. Bank of New York Mellon had a net margin of 15.52% and a return on equity of 16.00%. The company had revenue of $5.70 billion during the quarter, compared to analyst estimates of $5.35 billion. During the same period in the previous year, the business posted $1.93 earnings per share. The firm’s quarterly revenue was up 13.3% compared to the same quarter last year. On average, equities research analysts predict that Bank of New York Mellon will post 9.17 EPS for the current year.

Hedge Funds Weigh In On Bank of New York Mellon

A number of hedge funds have recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. grew its stake in Bank of New York Mellon by 18,044.4% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 19,670,202 shares of the bank’s stock valued at $2,283,514,000 after acquiring an additional 19,561,793 shares in the last quarter. Norges Bank purchased a new stake in Bank of New York Mellon in the 4th quarter worth $1,398,624,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Bank of New York Mellon by 639.5% in the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 7,076,729 shares of the bank’s stock worth $771,080,000 after purchasing an additional 6,119,749 shares in the last quarter. Eurizon Capital SGR S.p.A. bought a new position in shares of Bank of New York Mellon during the 4th quarter valued at about $227,437,000. Finally, Federated Hermes Inc. boosted its holdings in shares of Bank of New York Mellon by 101.9% during the 4th quarter. Federated Hermes Inc. now owns 3,420,804 shares of the bank’s stock valued at $397,121,000 after purchasing an additional 1,726,556 shares during the last quarter. 85.31% of the stock is currently owned by institutional investors.

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

About Bank of New York Mellon

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.