Bank of New York Mellon (NYSE:BNY) Stock Gets Price Target Trim from Truist Financial

Posted by Brenda Bartman on Oct 16th, 2026

Bank of New York Mellon (NYSE:BNY – Get Free Report) had its price objective reduced by analysts at Truist Financial from $172.00 to $165.00 in a research report issued on Friday, Benzinga reports. The firm currently has a “buy” rating on the bank’s stock. Truist Financial’s price target points to a potential upside of 15.96% from the stock’s current price.

Several other analysts have also issued reports on BNY. Argus increased their price target on shares of Bank of New York Mellon from $153.00 to $180.00 and gave the stock a “buy” rating in a research report on Wednesday, July 22nd. Erste Group Bank initiated coverage on Bank of New York Mellon in a research report on Wednesday, July 15th. They set a “buy” rating for the company. Citigroup reduced their price objective on Bank of New York Mellon from $172.00 to $160.00 and set a “neutral” rating on the stock in a research note on Monday, October 5th. Royal Bank Of Canada raised their price objective on Bank of New York Mellon from $142.00 to $168.00 and gave the company a “sector perform” rating in a research note on Thursday, July 16th. Finally, TD Cowen assumed coverage on Bank of New York Mellon in a research report on Thursday, October 8th. They issued a “hold” rating and a $160.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Bank of New York Mellon has a consensus rating of “Moderate Buy” and a consensus target price of $161.85.

Get Our Latest Analysis on BNY

Bank of New York Mellon Price Performance

BNY stock opened at $142.29 on Friday. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.76. Bank of New York Mellon has a 12 month low of $103.11 and a 12 month high of $165.84. The firm has a market cap of $96.54 billion, a P/E ratio of 16.56, a P/E/G ratio of 1.07 and a beta of 1.06. The company’s 50-day moving average price is $154.99 and its two-hundred day moving average price is $146.38.

Bank of New York Mellon (NYSE:BNY – Get Free Report) last issued its earnings results on Thursday, October 15th. The bank reported $2.37 EPS for the quarter, beating the consensus estimate of $2.26 by $0.11. Bank of New York Mellon had a net margin of 15.52% and a return on equity of 16.00%. The company had revenue of $5.68 billion during the quarter. The business’s revenue was up 11.7% on a year-over-year basis. On average, analysts anticipate that Bank of New York Mellon will post 9.28 earnings per share for the current fiscal year.

Insider Buying and Selling at Bank of New York Mellon

In related news, CFO Dermot Mcdonogh sold 31,800 shares of the firm’s stock in a transaction on Wednesday, July 29th. The stock was sold at an average price of $155.26, for a total transaction of $4,937,268.00. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Jose Minaya sold 3,520 shares of the business’s stock in a transaction on Monday, September 28th. The stock was sold at an average price of $148.79, for a total value of $523,740.80. Following the sale, the vice president owned 176,824 shares in the company, valued at $26,309,642.96. This represents a 1.95% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 38,840 shares of company stock worth $6,033,502. 0.17% of the stock is currently owned by company insiders.

Institutional Trading of Bank of New York Mellon

A number of hedge funds have recently made changes to their positions in BNY. BlackRock Inc. acquired a new position in shares of Bank of New York Mellon in the second quarter valued at approximately $8,321,111,000. Bank of America Corp DE acquired a new stake in Bank of New York Mellon during the 2nd quarter worth approximately $2,499,438,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in Bank of New York Mellon during the 2nd quarter worth approximately $1,214,193,000. Wellington Management Group LLP acquired a new stake in Bank of New York Mellon during the 2nd quarter worth approximately $1,175,576,000. Finally, Amundi bought a new stake in Bank of New York Mellon during the 2nd quarter worth approximately $985,533,000. 85.31% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting Bank of New York Mellon

Here are the key news stories impacting Bank of New York Mellon this week:

Positive Sentiment: Quarterly earnings exceeded expectations. BNY reported third-quarter revenue of approximately $5.68 billion, up 11.7% year over year, while adjusted EPS was reported at $2.34-$2.37 versus the $2.26 analyst consensus. Net income applicable to shareholders increased to $1.61 billion from $1.34 billion a year earlier. BNY Reports Third Quarter 2026 Results
Positive Sentiment: Core revenue trends were favorable. Higher fee revenue, growth in net interest income and rising asset balances supported the earnings beat. Custody and administration assets reportedly reached $63.4 trillion, up 10% from the prior year, reinforcing BNY’s scale in asset servicing. BNY Q3 Earnings Beat Estimates on Fee Income and NII Growth
Positive Sentiment: BNY maintained shareholder distributions. The board declared a quarterly common-stock dividend of $0.63 per share, payable November 9 to shareholders of record October 26, along with dividends on several preferred-stock series. BNY Declares Dividends
Neutral Sentiment: CEO Robin Vince said current 10-year Treasury yield levels are not unprecedented, suggesting the market environment remains manageable, although interest-rate trends will continue to affect net interest income and investment activity. US 10-year Treasury Yield Levels Not Unprecedented
Positive Sentiment: BNY completed a tokenized Treasury repurchase transaction with Citadel Securities in minutes, highlighting potential progress in blockchain-based settlement and institutional-market infrastructure. BNY Completes First Tokenized Treasury Repo
Negative Sentiment: AI spending remains a concern. BNY said it is embedding AI across the organization but did not disclose the associated costs. The lack of visibility into investment levels and potential returns may have contributed to the negative share-price reaction despite the earnings beat. BNY AI Spending Costs

About Bank of New York Mellon

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BNY, formerly known as BNY Mellon, is a global financial services company headquartered in New York City. Formed in 2007 through the merger of the Bank of New York and Mellon Financial Corporation, BNY traces its roots back to 1784, making it one of the oldest banking institutions in the United States. It was also the first company listed on the New York Stock Exchange.

BNY operates at the center of the world’s capital markets, partnering with clients to help them operate more efficiently and accelerate growth.