Jefferies raises Nvidia stock price target to $205 on strong demand
Bank of New York Mellon Corporation’s stock reached an all-time high, closing at 104.48 USD, with InvestingPro data showing the company currently trades slightly below its Fair Value, suggesting potential upside remains. This milestone reflects the company’s robust performance over the past year, with a total return of 57.51% and strong financial health metrics according to InvestingPro. The significant increase in value underscores investor confidence, supported by 7 analysts revising earnings upward and the company’s 14-year streak of dividend increases. The company’s strategic initiatives have driven 8.34% revenue growth over the last twelve months. As the financial sector continues to navigate economic challenges, Bank of NY Mellon’s ability to reach such a peak highlights its resilience and market strength.
In other recent news, Bank of New York Mellon reported strong financial results for the second quarter of 2025, surpassing analysts’ expectations. The company’s earnings per share (EPS) rose by 27% to $1.94, beating the forecasted $1.75. Additionally, BNY Mellon’s revenue exceeded projections, reaching $5.03 billion compared to the anticipated $4.78 billion. Following these results, Truist Securities raised its price target for the company to $100, maintaining a Hold rating. Similarly, Keefe, Bruyette & Woods increased their price target to $113, while keeping an Outperform rating, noting the company’s impressive quarterly performance. This included a near-28% return on tangible common equity and a 37% pretax margin. These developments reflect positive analyst sentiment towards the company’s recent financial achievements.
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