Bank of New York Mellon (NYSE:BNY) Given New $162.00 Price Target at Wells Fargo & Company

Bank of New York Mellon (NYSE:BNY) had its target price hoisted by 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.

A number of other research firms also recently weighed in on BNY. Wall Street Zen upgraded shares of Bank of New York Mellon to a “hold” rating in a report on Saturday, May 23rd. Citigroup upped their price objective on shares of Bank of New York Mellon from $136.00 to $167.00 and gave the stock a “neutral” rating in a report on Tuesday, June 23rd. Weiss Ratings raised 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. Truist Financial raised their target price on 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. Finally, Keefe, Bruyette & Woods boosted their price target 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. One equities 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 stock. According to MarketBeat, Bank of New York Mellon presently has a consensus rating of “Moderate Buy” and an average price target of $152.85.

Bank of New York Mellon Price Performance

Shares of BNY opened at $160.73 on Thursday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.75 and a current ratio of 0.72. The firm has a market cap of $110.32 billion, a PE ratio of 18.71, a PEG ratio of 1.19 and a beta of 1.07. The firm’s 50 day moving average price is $143.41 and its 200 day moving average price is $129.56. Bank of New York Mellon has a twelve month low of $95.13 and a twelve month high of $163.77.

Bank of New York Mellon (NYSE:BNY) last posted its earnings results on Wednesday, July 15th. The bank reported $2.46 EPS for the quarter, topping the consensus estimate 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 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 period in the previous year, the firm posted $1.93 earnings per share. As a group, research analysts expect that Bank of New York Mellon will post 8.94 EPS for the current fiscal year.

Institutional Trading of Bank of New York Mellon

A number of institutional investors and hedge funds have recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Bank of New York Mellon by 18,044.4% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 19,670,202 shares of the bank’s stock worth $2,283,514,000 after buying an additional 19,561,793 shares during the period. Norges Bank bought a new position 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 raised its holdings 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 acquiring an additional 6,119,749 shares during the period. Eurizon Capital SGR S.p.A. acquired a new position in Bank of New York Mellon during the 4th quarter worth $227,437,000. Finally, Federated Hermes Inc. lifted its position in 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 worth $397,121,000 after acquiring an additional 1,726,556 shares during the last quarter. 85.31% of the stock is currently owned by institutional investors and hedge funds.

Bank of New York Mellon News Roundup

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.