Erste Group Bank Initiates Coverage on Bank of New York Mellon (NYSE:BNY)

Stock analysts at Erste Group Bank assumed coverage on shares of Bank of New York Mellon (NYSE:BNY) in a research report issued to clients and investors on Wednesday, MarketBeat Ratings reports. The brokerage set a “buy” rating on the bank’s stock.

BNY has been the subject of a number of other research reports. Evercore set a $136.00 target price on Bank of New York Mellon in a report on Friday, April 17th. Barclays lifted their price target on Bank of New York Mellon from $143.00 to $149.00 and gave the company an “overweight” rating in a research note on Friday, April 17th. Truist Financial boosted their price target 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. Wall Street Zen raised Bank of New York Mellon to a “hold” rating in a research note on Saturday, May 23rd. Finally, JPMorgan Chase & Co. raised their price objective on shares of Bank of New York Mellon from $140.00 to $149.00 and gave the company an “overweight” rating in a report on Monday, July 6th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, Bank of New York Mellon has an average rating of “Moderate Buy” and a consensus target price of $152.85.

Bank of New York Mellon Stock Performance

NYSE BNY opened at $160.73 on Wednesday. The firm’s fifty day moving average price is $143.41 and its two-hundred day moving average price is $129.56. The stock 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 company has a debt-to-equity ratio of 0.76, a quick ratio of 0.75 and a current ratio of 0.72. Bank of New York Mellon has a fifty-two week low of $95.13 and a fifty-two week high of $163.77.

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, beating analysts’ consensus estimates of $2.16 by $0.30. Bank of New York Mellon had a return on equity of 16.00% and a net margin of 15.52%.The company had revenue of $5.70 billion during the quarter, compared to analysts’ expectations of $5.35 billion. During the same period in the prior year, the company earned $1.93 EPS. Bank of New York Mellon’s revenue was up 13.3% compared to the same quarter last year. On average, equities analysts expect that Bank of New York Mellon will post 8.94 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Linscomb Wealth Inc. raised its position in shares of Bank of New York Mellon by 2.5% during the fourth quarter. Linscomb Wealth Inc. now owns 3,240 shares of the bank’s stock worth $376,000 after acquiring an additional 80 shares during the last quarter. Ransom Advisory Ltd boosted its holdings 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 acquiring an additional 85 shares during the last quarter. Mather Group LLC. boosted its holdings 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 acquiring an additional 86 shares during the last quarter. Parkside Financial Bank & Trust increased its position in Bank of New York Mellon by 3.2% during the 4th quarter. Parkside Financial Bank & Trust now owns 2,805 shares of the bank’s stock valued at $326,000 after purchasing an additional 88 shares during the period. Finally, Essex Financial Services Inc. increased its position in Bank of New York Mellon by 0.5% during the 4th quarter. Essex Financial Services Inc. now owns 17,584 shares of the bank’s stock valued at $2,041,000 after purchasing an additional 89 shares during the period. 85.31% of the stock is owned by institutional investors.

Key Headlines Impacting 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

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.