Street View: BNY keeps the fee party going

BNY's BK.N first-quarter profit rose, as strong fee income, higher values of client assets helped the world's largest custodian bank

Median PT of 17 brokerages is $140 & rating "buy" - LSEG-compiled data

EXECUTION IS DOING THE TALKING

Morgan Stanley ("Equal-weight," PT: $139) says BNY’s new commercial model is driving organic growth, with the firm delivering another record sales quarter and showing improved cross‑selling metrics

RBC Capital Markets ("Sector perform," PT: $142) says BNY’s “Be More for Our Clients,” “Run Our Company Better,” and “Power Our Culture” strategies have improved coordination across business units, slow expense growth; focus on execution supports positive operating leverage goal

KBW ("Outperform," PT: $150) believes BNY is positioned to benefit from AI, crypto trends

Morningstar (Fair value: $120) says Securities Services, Market and Wealth Services segments did well; Investment and Wealth Management unit disappointed