BNY Reports Third Quarter 2024 Results
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Go back to BNY Reports Third Quarter 2024 Results
October 15, 2024 5:41 AM EDT
Citi analyst Keith Horowitz raised the price target on Bank of New York Mellon (NYSE: BK) to $75.00 (from $70.00) while maintaining a Neutral rating.
The analyst comments "BK reported a strong 3Q, and the stock underperformed on the day (-40bps vs BKX +3%), but... More
October 14, 2024 6:28 AM EDT
Deutsche Bank analyst Brian Bedell raised the price target on Bank of New York Mellon (NYSE: BK) to $82.00 (from $80.00) while maintaining a Buy rating.
The analyst comments "Overall, we viewed BK's 3Q results to be solid, with adjusted EPS of $1.52 above our $1.41 estimate & Consensus of $1.42. We view core EPS at $1.49 excluding a 3c benefit from a lower tax rate. 3Q results were supported by top-line beats to Consensus, including higher NII than... More
October 14, 2024 5:59 AM EDT
Barclays analyst Jason Goldberg raised the price target on Bank of New York Mellon (NYSE: BK) to $86.00 (from $75.00) while maintaining a Overweight rating.
The analyst comments "Bottom line: EPS was ahead as fee income (aided by investment & other), net interest income (higher sponsored member cleared... More
October 14, 2024 5:50 AM EDT
Evercore ISI analyst Glenn Schorr raised the price target on Bank of New York Mellon (NYSE: BK) to $77.00 (from $66.00) while maintaining a In Line rating.
The analyst comments "Shares of BK underperformed the broader group by ~350bps as the stock has... More
October 14, 2024 5:42 AM EDT
JPMorgan analyst Vivek Juneja reiterated an Overweight rating and $77.00 price target on Bank of New York Mellon (NYSE: BK).
The analyst comments "BNY Mellon posted good core 3Q EPS of $1.54, reported EPS was $1.50. BNY Mellon continues to deliver good results and had strong positive operating leverage qoq... More
October 11, 2024 8:56 AM EDT
Goldman Sachs analyst Alexander Blostein reiterated a Buy rating and $80.00 price target on Bank of New York Mellon (NYSE: BK)
The analyst comments "BK reported adjusted 3Q24 EPS of $1.52 (ex. one-offs including $40mn in severance, $2mn in litigation reserves and $17mn of FDIC special assessment charges) or 7% ahead of Consensus at $1.42/share and 3% ahead of GSe $1.47 estimate. Results were solid across the board, supported by stronger NII, modestly higher fee revenues, stronger investment & other revenues as well as well-managed expenses, driving a 33% pre-tax Income margin... More
