What is Erste Group Bank's Estimate for BNY FY2026 Earnings?

Key Points

• Erste Group Bank raised its FY2026 EPS estimate for BNY to $9.26, up from $9.24 and close to the $9.27 analyst consensus. The firm maintains a “Buy” rating.
• BNY’s latest quarterly results exceeded expectations, with EPS of $2.46 versus the $2.16 consensus and revenue of $5.70 billion versus $5.35 billion expected. Revenue increased 13.3% year over year.
• Analysts remain broadly positive, with BNY carrying a “Moderate Buy” consensus rating and an average price target of $162.38.

Bank of New York Mellon Corporation (NYSE:BNY - Free Report) - Investment analysts at Erste Group Bank lifted their FY2026 earnings per share estimates for Bank of New York Mellon in a research report issued on Thursday, October 8th. Erste Group Bank analyst H. Engel now expects that the bank will post earnings per share of $9.26 for the year, up from their prior estimate of $9.24. 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 $9.27 per share.

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

A number of other analysts also recently commented on BNY. Argus boosted their price target on shares of Bank of New York Mellon from $153.00 to $180.00 and gave the stock a "buy" rating in a research report on Wednesday, July 22nd. Weiss Ratings cut shares of Bank of New York Mellon from a "buy (a)" rating to a "buy (a-)" rating in a report on Thursday, August 13th. JPMorgan Chase & Co. raised their price objective on shares of Bank of New York Mellon from $159.00 to $161.00 and gave the company an "overweight" rating in a research note on Friday, October 2nd. TD Cowen assumed coverage on shares of Bank of New York Mellon in a research note on Thursday, October 8th. They set a "hold" rating and a $160.00 price objective on the stock. Finally, Bank of America boosted 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. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $162.38.

Bank of New York Mellon Stock Up 0.0%

Bank of New York Mellon stock opened at $142.78 on Tuesday. The stock has a market cap of $96.88 billion, a price-to-earnings ratio of 16.62, a PEG ratio of 1.11 and a beta of 1.06. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.76. The company's 50-day moving average price is $156.06 and its two-hundred day moving average price is $145.87. Bank of New York Mellon has a 52 week low of $103.11 and a 52 week high of $165.84.

Insider Activity at Bank of New York Mellon

In related news, CFO Dermot Mcdonogh sold 31,800 shares of the company's stock in a transaction that occurred on Wednesday, July 29th. The shares were sold at an average price of $155.26, for a total value of $4,937,268.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Jose Minaya sold 3,520 shares of the company'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 owned 176,824 shares of the company's stock, valued at approximately $26,309,642.96. This trade represents a 1.95% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 38,840 shares of company stock worth $6,033,502. 0.17% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Bank of New York Mellon

Several institutional investors and hedge funds have recently added to or reduced their stakes in BNY. Cornerstone Financial Management LLC lifted its stake in shares of Bank of New York Mellon by 11.4% in the second quarter. Cornerstone Financial Management LLC now owns 784 shares of the bank's stock worth $113,000 after buying an additional 80 shares during the last quarter. Riversedge Advisors LLC grew its stake in Bank of New York Mellon by 3.1% in the 3rd quarter. Riversedge Advisors LLC now owns 3,035 shares of the bank's stock valued at $439,000 after buying an additional 92 shares during the last quarter. Eastern Bank raised its holdings in Bank of New York Mellon by 12.4% in the 3rd quarter. Eastern Bank now owns 1,043 shares of the bank's stock worth $151,000 after acquiring an additional 115 shares during the period. Nicolet Advisory Services LLC raised its holdings in Bank of New York Mellon by 3.3% in the 4th quarter. Nicolet Advisory Services LLC now owns 3,986 shares of the bank's stock worth $481,000 after acquiring an additional 129 shares during the period. Finally, Rockland Trust Co. raised its holdings in Bank of New York Mellon by 7.6% in the 3rd quarter. Rockland Trust Co. now owns 2,542 shares of the bank's stock worth $368,000 after acquiring an additional 180 shares during the period. 85.31% of the stock is currently 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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