Erste Group Bank Has Optimistic View of BNY FY2026 Earnings

Key Points

• Erste Group Bank raised its FY2026 EPS estimate for Bank of New York Mellon to $9.24 from $9.20 and maintained a “Buy” rating, broadly matching the $9.25 consensus forecast.
• BNY reported a strong latest quarter, with EPS of $2.46 beating estimates by $0.30 and revenue of $5.70 billion surpassing expectations. Revenue increased 13.3% year over year, while EPS rose from $1.93 in the prior-year quarter.
• Analyst sentiment remains favorable, with the stock carrying a “Moderate Buy” consensus rating and an average price target of $157.13; shares recently opened at $159.33 after reaching a 52-week high of $163.77.

Bank of New York Mellon Corporation (NYSE:BNY - Free Report) - Analysts at Erste Group Bank upped their FY2026 EPS estimates for shares of Bank of New York Mellon in a report released on Wednesday, August 5th. Erste Group Bank analyst H. Engel now expects that the bank will earn $9.24 per share for the year, up from their previous estimate of $9.20. Erste Group Bank currently has a "Buy" rating on the stock. The consensus estimate for Bank of New York Mellon's current full-year earnings is $9.25 per share.

Bank of New York Mellon (NYSE:BNY - Get Free Report) last released its earnings results on Wednesday, July 15th. The bank reported $2.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.16 by $0.30. Bank of New York Mellon had a net margin of 15.52% and a return on equity of 16.00%. The firm had revenue of $5.70 billion during the quarter, compared to analyst estimates of $5.35 billion. During the same quarter last year, the business earned $1.93 EPS. The business's revenue was up 13.3% on a year-over-year basis.

A number of other equities analysts also recently commented on BNY. Morgan Stanley boosted their price objective on shares of Bank of New York Mellon from $135.00 to $139.00 and gave the stock an "equal weight" rating in a research note on Friday, April 17th. Royal Bank Of Canada boosted their price target 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. Bank of America lifted their target price on Bank of New York Mellon from $165.00 to $175.00 and gave the stock a "buy" rating in a report on Monday, July 20th. Zacks Research raised shares of Bank of New York Mellon from a "hold" rating to a "strong-buy" rating in a report on Wednesday, July 22nd. Finally, Keefe, Bruyette & Woods upped their price target on shares of Bank of New York Mellon from $166.00 to $177.00 and gave the company an "outperform" rating in a report on Thursday, July 16th. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $157.13.

Bank of New York Mellon Price Performance

Bank of New York Mellon stock opened at $159.33 on Tuesday. The stock has a market cap of $108.11 billion, a price-to-earnings ratio of 18.55, a price-to-earnings-growth ratio of 1.12 and a beta of 1.06. The firm has a 50-day moving average of $150.40 and a two-hundred day moving average of $134.07. Bank of New York Mellon has a 1 year low of $99.67 and a 1 year high of $163.77. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.72 and a quick ratio of 0.72.

Insider Buying and Selling at Bank of New York Mellon

In other news, CFO Dermot Mcdonogh sold 31,800 shares of the stock in a transaction that occurred 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 sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.17% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of BNY. Revolve Wealth Partners LLC acquired a new position in shares of Bank of New York Mellon during the fourth quarter valued at approximately $220,000. Sivia Capital Partners LLC raised its stake in Bank of New York Mellon by 36.6% in the 2nd quarter. Sivia Capital Partners LLC now owns 3,394 shares of the bank's stock valued at $309,000 after purchasing an additional 909 shares during the last quarter. Jump Financial LLC purchased a new position in Bank of New York Mellon in the 2nd quarter valued at $2,482,000. Treasurer of the State of North Carolina boosted its stake in Bank of New York Mellon by 1.7% during the 2nd quarter. Treasurer of the State of North Carolina now owns 334,388 shares of the bank's stock worth $30,466,000 after purchasing an additional 5,445 shares during the last quarter. Finally, Osterweis Capital Management Inc. boosted its stake in Bank of New York Mellon by 11,890.0% during the 2nd quarter. Osterweis Capital Management Inc. now owns 1,199 shares of the bank's stock worth $109,000 after purchasing an additional 1,189 shares during the last quarter. 85.31% of the stock is owned by hedge funds and other institutional investors.

About Bank of New York Mellon

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.

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