Bank of New York Mellon (BK) PT Raised to $82 at Deutsche Bank

Bank of New York Mellon (BK) PT Raised to $75 at Citi

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

Bank of New York Mellon (BK) PT Raised to $86 at Barclays

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

Bank of New York Mellon (BK) PT Raised to $77 at Evercore ISI

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

JPMorgan Reiterates Overweight Rating on Bank of New York Mellon (BK)

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

Goldman Sachs Reiterates Buy Rating on Bank of New York Mellon (BK)

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

BNY Mellon (BK) Declares $0.47 Quarterly Dividend; 2.5% Yield

BNY Mellon (NYSE: BK) declared a quarterly dividend of $0.47 per share, or $1.88 annualized.

The dividend will be payable on November 1, 2024, to stockholders of record on October 21, 2024, with an ex-dividend date of October 18, 2024.

The annual yield on the dividend is 2.5... More

Bank of New York (BK) Tops Q3 EPS by 14c

Bank of New York (NYSE: BK) reported Q3 EPS of $1.52, $0.14 better than the analyst estimate of $1.38. Revenue for the quarter came in at $4.65 billion versus the consensus estimate of $4.5 billion.

For earnings history and earnings-related data on Bank of New York (BK) click here.

BNY Mellon (BK) call put ratio 6 calls to 1 put with focus on October 75 and 77.50 calls into quarter results

BNY Mellon (NYSE: BK) October call option implied volatility is at 35, November is at 26; compared to its 52-week range of 15 to 63 into the expected release of quarter results before the bell on October 11. Call put ratio 6 calls to 1 put with focus on October 75 and 77.50 calls.

BNY Mellon (BK) call put ratio 2.2 calls to 1 put into quarter results

BNY Mellon (NYSE: BK) October 75 straddle priced for a move of 5% into the expected release of quarter results before the bell on October 11. Call put ratio 2.2 calls to 1 put.