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Bank of NY Mellon stock reaches all-time high at 101.03 USD

Published 25/07/2025, 19:16
© Reuters.
BK
1.23%

Bank of New York Mellon Corporation (NYSE:BK) has reached an all-time high, with its stock price climbing to 101.03 USD. This milestone reflects a significant upward trend over the past year, with the stock delivering a 57% return. The financial giant, now valued at $70.5 billion, trades at a P/E ratio of 15.3x and offers a dividend yield of 2.13%. According to InvestingPro analysis, the stock appears to be approaching Fair Value levels. The financial institution’s robust performance in the market has been driven by strategic initiatives and favorable economic conditions, contributing to investor confidence and the stock’s impressive growth trajectory. InvestingPro data reveals the company has maintained dividend payments for 55 consecutive years and raised dividends for 14 straight years, though analysts note the RSI suggests overbought conditions. This all-time high marks a pivotal moment for the company as it continues to capitalize on opportunities within the financial sector. Get access to 12 more exclusive InvestingPro Tips and comprehensive analysis in the Pro Research Report.

In other recent news, Bank of New York Mellon reported robust financial results for the second quarter of 2025, surpassing analysts’ forecasts. The company achieved an earnings per share (EPS) of $1.94, exceeding the projected $1.75, and reported revenue of $5.03 billion, above the expected $4.78 billion. Truist Securities responded by raising its price target for the company to $100, while maintaining a Hold rating, following these strong quarterly results. Similarly, Keefe, Bruyette & Woods increased its price target to $113 and maintained an Outperform rating, highlighting the company’s impressive return on tangible common equity and pretax margin. These recent developments reflect positively on BNY Mellon’s financial performance and have prompted analysts to adjust their projections accordingly.

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