Zacks Research Has Bullish Estimate for BK FY2026 Earnings

The Bank of New York Mellon Corporation (NYSE:BK) – Stock analysts at Zacks Research lifted their FY2026 earnings estimates for shares of Bank of New York Mellon in a research report issued to clients and investors on Tuesday, September 9th. Zacks Research analyst Team now expects that the bank will post earnings per share of $7.59 for the year, up from their prior estimate of $7.58. The consensus estimate for Bank of New York Mellon’s current full-year earnings is $6.96 per share. Zacks Research also issued estimates for Bank of New York Mellon’s Q1 2027 earnings at $1.94 EPS, Q2 2027 earnings at $2.08 EPS and FY2027 earnings at $8.51 EPS.

A number of other research firms also recently commented on BK. Truist Financial increased their price objective on shares of Bank of New York Mellon from $100.00 to $109.00 and gave the company a “hold” rating in a research note on Thursday, August 14th. Morgan Stanley increased their price objective on shares of Bank of New York Mellon from $95.00 to $101.00 and gave the company an “overweight” rating in a research note on Wednesday, July 16th. Wells Fargo & Company increased their price objective on shares of Bank of New York Mellon from $96.00 to $100.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 16th. Keefe, Bruyette & Woods increased their price objective on shares of Bank of New York Mellon from $105.00 to $113.00 and gave the company an “outperform” rating in a research note on Wednesday, July 16th. Finally, Citigroup increased their price objective on shares of Bank of New York Mellon from $92.00 to $105.00 and gave the company a “neutral” rating in a research note on Friday, September 5th. Eight research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $96.62.

Bank of New York Mellon Trading Up 1.5%

NYSE BK opened at $105.57 on Wednesday. Bank of New York Mellon has a 12 month low of $68.01 and a 12 month high of $106.57. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.72 and a quick ratio of 0.72. The company has a market capitalization of $74.45 billion, a price-to-earnings ratio of 16.12, a price-to-earnings-growth ratio of 0.98 and a beta of 1.14. The company’s fifty day moving average price is $100.86 and its two-hundred day moving average price is $90.35.

Bank of New York Mellon (NYSE:BK) last posted its quarterly earnings data on Tuesday, July 15th. The bank reported $1.94 EPS for the quarter, beating analysts’ consensus estimates of $1.73 by $0.21. Bank of New York Mellon had a net margin of 12.27% and a return on equity of 13.46%. The firm had revenue of $4.77 billion for the quarter, compared to the consensus estimate of $4.80 billion. During the same period in the prior year, the firm posted $1.51 EPS. The firm’s revenue was up 9.4% compared to the same quarter last year.

Hedge Funds Weigh In On Bank of New York Mellon

Several hedge funds have recently made changes to their positions in the business. Tiemann Investment Advisors LLC increased its holdings in Bank of New York Mellon by 2.9% in the 2nd quarter. Tiemann Investment Advisors LLC now owns 3,492 shares of the bank’s stock valued at $318,000 after buying an additional 100 shares during the period. Cary Street Partners Investment Advisory LLC increased its holdings in Bank of New York Mellon by 13.7% in the 2nd quarter. Cary Street Partners Investment Advisory LLC now owns 828 shares of the bank’s stock valued at $75,000 after buying an additional 100 shares during the period. Hemington Wealth Management increased its holdings in Bank of New York Mellon by 6.3% in the 2nd quarter. Hemington Wealth Management now owns 1,730 shares of the bank’s stock valued at $157,000 after buying an additional 102 shares during the period. Certuity LLC increased its holdings in Bank of New York Mellon by 1.0% in the 2nd quarter. Certuity LLC now owns 11,081 shares of the bank’s stock valued at $1,010,000 after buying an additional 105 shares during the period. Finally, Vestmark Advisory Solutions Inc. increased its holdings in Bank of New York Mellon by 4.0% in the 2nd quarter. Vestmark Advisory Solutions Inc. now owns 2,771 shares of the bank’s stock valued at $252,000 after buying an additional 107 shares during the period. Institutional investors and hedge funds own 85.31% of the company’s stock.

Insider Buying and Selling

In other Bank of New York Mellon news, EVP J Kevin Mccarthy sold 20,000 shares of the firm’s stock in a transaction dated Tuesday, July 22nd. The shares were sold at an average price of $98.45, for a total transaction of $1,969,000.00. Following the transaction, the executive vice president owned 35,115 shares of the company’s stock, valued at approximately $3,457,071.75. This trade represents a 36.29% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.14% of the company’s stock.

Bank of New York Mellon Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 7th. Shareholders of record on Friday, July 25th were paid a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend was Friday, July 25th. This is a positive change from Bank of New York Mellon’s previous quarterly dividend of $0.47. Bank of New York Mellon’s dividend payout ratio is 32.37%.

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.