FY2026 Earnings Estimate for BNY Issued By Erste Group Bank

Key Points

• Erste Group Bank raised its FY2026 EPS estimate for BNY to $9.35 from $9.26 and expects FY2027 EPS of $10.42. The firm maintains a “Buy” rating, while the current-year consensus estimate is $9.37 per share.
• BNY reported quarterly EPS of $2.37, exceeding expectations of $2.26, on $5.68 billion in revenue. Revenue increased 11.7% year over year, with a 16.57% return on equity and 16.32% net margin.
• Analyst sentiment remains favorable, with a consensus “Moderate Buy” rating and average price target of $164.62. Institutional investors own 85.31% of the company, while insiders have sold shares worth about $6.03 million over the past three months.

Bank of New York Mellon Corporation (NYSE:BNY - Free Report) - Equities researchers at Erste Group Bank lifted their FY2026 earnings per share estimates for shares of Bank of New York Mellon in a research report issued on Wednesday, October 21st. Erste Group Bank analyst H. Engel now expects that the bank will post earnings per share of $9.35 for the year, up from their previous estimate of $9.26. 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 $9.37 per share. Erste Group Bank also issued estimates for Bank of New York Mellon's FY2027 earnings at $10.42 EPS.

Bank of New York Mellon (NYSE:BNY - Get Free Report) last posted its quarterly earnings results on Thursday, October 15th. The bank reported $2.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.26 by $0.11. Bank of New York Mellon had a return on equity of 16.57% and a net margin of 16.32%. The business had revenue of $5.68 billion for the quarter. Bank of New York Mellon's quarterly revenue was up 11.7% on a year-over-year basis.

BNY has been the topic of a number of other reports. New Street Research set a $182.00 target price on shares of Bank of New York Mellon in a report on Friday, October 16th. Citigroup reduced their price objective on shares of Bank of New York Mellon from $160.00 to $157.00 and set a "neutral" rating for the company in a report on Monday. Wells Fargo & Company increased their target price on shares of Bank of New York Mellon from $152.00 to $162.00 and gave the company an "equal weight" rating in a research report on Thursday, July 16th. Royal Bank Of Canada raised their target price on shares of 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. Finally, Barclays boosted their price target on shares of Bank of New York Mellon from $149.00 to $178.00 and gave the stock an "overweight" rating in a research report on Thursday, July 16th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $164.62.

Bank of New York Mellon Stock Performance

Bank of New York Mellon stock opened at $145.00 on Friday. The company has a market cap of $98.38 billion, a PE ratio of 16.02, a P/E/G ratio of 1.05 and a beta of 1.06. The company has a fifty day moving average price of $153.35 and a two-hundred day moving average price of $147.23. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.72 and a quick ratio of 0.72. Bank of New York Mellon has a 12 month low of $105.42 and a 12 month high of $165.84.

Hedge Funds Weigh In On Bank of New York Mellon

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Inc. purchased a new stake in Bank of New York Mellon during the second quarter valued at about $8,321,111,000. Bank of America Corp DE purchased a new position in shares of Bank of New York Mellon in the second quarter worth approximately $2,499,438,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in shares of Bank of New York Mellon in the second quarter worth approximately $1,214,193,000. Wellington Management Group LLP acquired a new stake in shares of Bank of New York Mellon during the second quarter valued at approximately $1,175,576,000. Finally, Amundi acquired a new stake in shares of Bank of New York Mellon during the second quarter valued at approximately $985,533,000. Institutional investors and hedge funds own 85.31% of the company's stock.

Insider Activity at Bank of New York Mellon

In related news, VP Jose Minaya sold 3,520 shares of the firm's stock in a transaction that occurred on Monday, September 28th. The shares were sold at an average price of $148.79, for a total transaction of $523,740.80. Following the completion of the sale, the vice president directly owned 176,824 shares in the company, valued at approximately $26,309,642.96. This trade represents a 1.95% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Dermot Mcdonogh sold 31,800 shares of Bank of New York Mellon 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 SEC filing for this sale provides additional information. Over the last three months, insiders have sold 38,840 shares of company stock valued at $6,033,502. Company insiders own 0.17% of the company's stock.

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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