Zacks Research Issues Optimistic Forecast for BK Earnings

The Bank of New York Mellon Co. (NYSE:BK) – Analysts at Zacks Research boosted their Q1 2025 earnings estimates for Bank of New York Mellon in a report issued on Wednesday, February 5th. Zacks Research analyst R. Department now expects that the bank will earn $1.42 per share for the quarter, up from their prior forecast of $1.41. The consensus estimate for Bank of New York Mellon’s current full-year earnings is $6.86 per share. Zacks Research also issued estimates for Bank of New York Mellon’s Q2 2025 earnings at $1.71 EPS, Q3 2025 earnings at $1.67 EPS, Q4 2025 earnings at $1.77 EPS, FY2025 earnings at $6.57 EPS, Q1 2026 earnings at $1.69 EPS, Q2 2026 earnings at $1.84 EPS, FY2026 earnings at $7.31 EPS and FY2027 earnings at $8.75 EPS.

Bank of New York Mellon (NYSE:BK) last issued its quarterly earnings data on Wednesday, January 15th. The bank reported $1.72 earnings per share for the quarter, beating analysts’ consensus estimates of $1.54 by $0.18. The company had revenue of $4.85 billion for the quarter, compared to the consensus estimate of $4.66 billion. Bank of New York Mellon had a net margin of 11.35% and a return on equity of 12.68%. The firm’s revenue for the quarter was up 11.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.28 earnings per share.

Several other research analysts also recently weighed in on the stock. Barclays increased their price target on shares of Bank of New York Mellon from $102.00 to $104.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. Truist Financial raised their target price on shares of Bank of New York Mellon from $91.00 to $93.00 and gave the company a “buy” rating in a research note on Thursday, January 16th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $79.00 target price on shares of Bank of New York Mellon in a research note on Monday, October 14th. Citigroup raised their target price on shares of Bank of New York Mellon from $75.00 to $82.00 and gave the company a “neutral” rating in a research note on Monday, November 25th. Finally, UBS Group raised their target price on shares of Bank of New York Mellon from $88.00 to $94.00 and gave the company a “buy” rating in a research note on Tuesday, January 21st. Six analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Bank of New York Mellon has a consensus rating of “Moderate Buy” and an average price target of $88.00.

Bank of New York Mellon Stock Up 0.7 %

BK opened at $86.35 on Friday. The company has a current ratio of 0.69, a quick ratio of 0.70 and a debt-to-equity ratio of 0.83. Bank of New York Mellon has a 1-year low of $52.64 and a 1-year high of $87.70. The company has a market capitalization of $62.78 billion, a PE ratio of 14.86, a PEG ratio of 0.98 and a beta of 1.08. The firm’s 50 day simple moving average is $80.52 and its two-hundred day simple moving average is $74.43.

Bank of New York Mellon Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 7th. Shareholders of record on Monday, January 27th will be given a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 2.18%. The ex-dividend date of this dividend is Monday, January 27th. Bank of New York Mellon’s payout ratio is 32.36%.

Institutional Trading of Bank of New York Mellon

A number of institutional investors have recently made changes to their positions in BK. McClarren Financial Advisors Inc. increased its holdings in shares of Bank of New York Mellon by 586.4% during the third quarter. McClarren Financial Advisors Inc. now owns 405 shares of the bank’s stock valued at $29,000 after acquiring an additional 346 shares in the last quarter. Centricity Wealth Management LLC acquired a new position in Bank of New York Mellon in the 4th quarter worth approximately $39,000. Fortitude Family Office LLC raised its position in Bank of New York Mellon by 130.6% during the 3rd quarter. Fortitude Family Office LLC now owns 611 shares of the bank’s stock worth $44,000 after buying an additional 346 shares during the last quarter. Grove Bank & Trust lifted its stake in Bank of New York Mellon by 28.8% during the 3rd quarter. Grove Bank & Trust now owns 644 shares of the bank’s stock valued at $46,000 after acquiring an additional 144 shares during the period. Finally, Ashton Thomas Securities LLC purchased a new stake in shares of Bank of New York Mellon in the 3rd quarter valued at $46,000. Institutional investors and hedge funds own 85.31% of the company’s stock.

Bank of New York Mellon Company Profile

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.