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Investing.com - Truist Securities raised its price target on Bank of New York Mellon (NYSE:BK) to $100.00 from $97.00 on Wednesday, while maintaining a Hold rating on the stock. The new target represents potential upside from the current price of $94.41, with the stock trading near its 52-week high of $96.47. According to InvestingPro analysis, BK appears slightly undervalued based on its Fair Value model.
The price target increase follows Bank of New York Mellon’s second-quarter 2025 results, which prompted Truist to update its model for the financial services company.
Truist cited stronger fee income in several lines of business, including clearance and collateral management, issuer services, and foreign exchange trading, as key factors driving the adjustment.
The firm also noted stronger net interest income (NII) in 2025, aligning with Bank of New York Mellon’s raised guidance, though these positive factors were partially offset by higher noninterest expenses following an elevated run rate in the second quarter. InvestingPro subscribers can access 10+ additional exclusive insights and detailed financial metrics to better understand the company’s performance drivers.
Truist increased its 2025 earnings per share estimate for Bank of New York Mellon by $0.25 to $7.10 and its 2026 estimate by $0.05 to $7.85, while maintaining its Hold rating on the stock. The revised estimates align with the broader analyst consensus, as three analysts have recently revised their earnings expectations upward for the upcoming period.
In other recent news, Bank of New York Mellon reported strong financial results for the second quarter of 2025, exceeding analysts’ expectations. The company achieved an earnings per share (EPS) of $1.94, surpassing the forecasted $1.75, and its revenue reached $5.03 billion, compared to the anticipated $4.78 billion. This marks a 27% year-over-year increase in EPS and a 9% rise in revenue. Keefe, Bruyette & Woods responded by raising its price target for BNY Mellon stock to $113.00, maintaining an Outperform rating, citing the company’s impressive quarterly performance. The firm highlighted BNY Mellon’s strong return on tangible common equity (ROTCE) and pre-tax margin as key factors. BNY Mellon continues to innovate in digital assets and AI technologies, positioning itself well within the financial services industry. Analysts noted the company’s strategic focus on digital assets and AI as beneficial for future growth. Additionally, BNY Mellon plans to return around 100% of its earnings to shareholders through dividends and buybacks.
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