Zacks Research Issues Positive Forecast for BK Earnings

The Bank of New York Mellon Co. (NYSE:BK) – Equities research analysts at Zacks Research boosted their Q1 2025 earnings estimates for shares of Bank of New York Mellon in a research report issued on Thursday, February 20th. Zacks Research analyst R. Department now anticipates that the bank will post earnings of $1.44 per share for the quarter, up from their previous forecast of $1.42. The consensus estimate for Bank of New York Mellon’s current full-year earnings is $6.94 per share. Zacks Research also issued estimates for Bank of New York Mellon’s Q2 2025 earnings at $1.74 EPS, Q3 2025 earnings at $1.70 EPS, Q4 2025 earnings at $1.82 EPS, FY2025 earnings at $6.70 EPS, Q1 2026 earnings at $1.73 EPS, Q2 2026 earnings at $1.88 EPS, Q3 2026 earnings at $1.84 EPS, Q4 2026 earnings at $2.03 EPS, FY2026 earnings at $7.48 EPS and FY2027 earnings at $8.73 EPS.

BK has been the subject of a number of other research reports. Morgan Stanley boosted their price target on Bank of New York Mellon from $90.00 to $97.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. UBS Group boosted their target price on Bank of New York Mellon from $88.00 to $94.00 and gave the stock a “buy” rating in a report on Tuesday, January 21st. Wolfe Research downgraded Bank of New York Mellon from an “outperform” rating to a “peer perform” rating in a report on Friday, January 3rd. Truist Financial lifted their price target on shares of Bank of New York Mellon from $91.00 to $93.00 and gave the company a “buy” rating in a research report on Thursday, January 16th. Finally, Wells Fargo & Company upped their price objective on shares of Bank of New York Mellon from $82.00 to $86.00 and gave the stock an “equal weight” rating in a report on Thursday, January 16th. Six equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, Bank of New York Mellon has an average rating of “Moderate Buy” and an average price target of $88.00.

Bank of New York Mellon Stock Up 0.1 %

BK stock opened at $87.29 on Monday. The firm has a market cap of $63.46 billion, a PE ratio of 15.02, a PEG ratio of 0.98 and a beta of 1.08. Bank of New York Mellon has a 1 year low of $52.64 and a 1 year high of $89.44. The company has a fifty day simple moving average of $82.04 and a 200 day simple moving average of $76.46. The company has a current ratio of 0.69, a quick ratio of 0.70 and a debt-to-equity ratio of 0.83.

Bank of New York Mellon (NYSE:BK) last posted its earnings results on Wednesday, January 15th. The bank reported $1.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.54 by $0.18. Bank of New York Mellon had a net margin of 11.35% and a return on equity of 12.68%. The firm had revenue of $4.85 billion during the quarter, compared to analysts’ expectations of $4.66 billion. During the same period in the previous year, the company earned $1.28 earnings per share. The company’s revenue was up 11.2% compared to the same quarter last year.

Bank of New York Mellon Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 7th. Investors of record on Monday, January 27th were paid a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 2.15%. The ex-dividend date of this dividend was Monday, January 27th. Bank of New York Mellon’s payout ratio is presently 32.36%.

Institutional Investors Weigh In On Bank of New York Mellon

Institutional investors have recently added to or reduced their stakes in the company. Parvin Asset Management LLC acquired a new stake in shares of Bank of New York Mellon during the 4th quarter worth approximately $25,000. Bellwether Advisors LLC bought a new position in Bank of New York Mellon in the fourth quarter worth $28,000. Transce3nd LLC acquired a new stake in Bank of New York Mellon during the fourth quarter worth $33,000. South Plains Financial Inc. bought a new stake in Bank of New York Mellon in the 4th quarter valued at $34,000. Finally, Graney & King LLC acquired a new position in shares of Bank of New York Mellon in the 4th quarter valued at $35,000. 85.31% of the stock is owned by institutional investors and hedge funds.

About Bank of New York Mellon

The Bank of New York Mellon Corporation provides a range of financial products and services in the United States and internationally. The company operates through Securities Services, Market and Wealth Services, Investment and Wealth Management, and other segments. The Securities Services segment offers custody, trust and depositary, accounting, exchange-traded funds, middle-office solutions, transfer agency, services for private equity and real estate funds, foreign exchange, securities lending, liquidity/lending services, and data analytics.