tradingkey.logo

Street View: BNY Mellon looks resilient amid market uncertainty

ReutersApr 14, 2025 1:55 PM

BNY BK.N beat analyst expectation for Q1 profit on Friday, benefiting from growth in assets under custody leading to stronger fee-based revenue streams

Median PT of 17 brokerages covering the stock is $93 - LSEG data

DATA-DRIVEN DOMINANCE

Evercore ISI ("in line," PT: $84) sees Securities Services and Market & Wealth Services performing optimally, while Investment & Wealth Management needs improvement due to market declines and outflows in higher-margin equity and multi-asset products

BofA Global Research ("buy," PO $99) is optimistic about BNY due to its strong management, asset-light model, and digital strategy

Deutsche Bank ("buy," PT: $85) views BNY as well-positioned to generate positive operating leverage and sees potential upside depending on market trends in subsequent quarters

Citigroup ("neutral," PT: $85) expects growth in transaction services and fee operational leverage

Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.

Related Articles

KeyAI