Bank of New York (BK) Tops Q2 EPS by 7c

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Go back to Bank of New York (BK) Tops Q2 EPS by 7c

UBS Raises Price Target on Bank of New York (BK) to $50 Headed into 2H15

July 22, 2015 10:45 AM EDT

UBS reiterated a Buy rating on Bank of New York Mellon (NYSE: BK), and raised the price target to $50.00 (from $47.00), going into 2H15. Analyst Brennan Hawken said that although 3Q is typically seasonally slower for activity levels, higher DR activity and stronger y/y FX activity could help mitigate some of the... More