
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