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The Bank of New York Mellon Corporation (NYSE: BK) Sees Rising Consensus Price Targets
Financial Modeling Prep· 2026-01-13 02:00
Core Viewpoint - The Bank of New York Mellon Corporation (BK) is experiencing positive sentiment among analysts, with an increasing average price target and strong earnings performance, indicating a favorable outlook for the company. Group 1: Price Target and Analyst Sentiment - The average price target for BK has risen to $133.67, reflecting positive sentiment among analysts [2][6] - A year ago, the average price target was $118.38, showing a steady increase over time, suggesting strong belief in BK's ability to deliver shareholder value [4] Group 2: Earnings Performance - BK reported a non-GAAP earnings per share (EPS) of $1.91 in the third quarter, surpassing the consensus estimate of $1.77, with a year-over-year revenue growth of 9% [3][6] - The company is anticipated to see an increase in fourth-quarter earnings, driven by rising fee income and higher net interest income [2] Group 3: Growth Projections - BK's management has raised guidance through 2025, expecting a bottom line growth of 10% to 12%, supporting continued investment in the stock [4] - The positive momentum in bank stocks is expected to continue into 2026, with BK highlighted as a key player in the S&P 500 [5]