What is Zacks Research's Forecast for BK FY2026 Earnings?

Key Points

• Zacks Research has adjusted its FY2026 earnings estimate for Bank of New York Mellon to $7.59 per share, slightly up from the previous estimate of $7.58.
• Bank of New York Mellon recently reported quarterly earnings of $1.94 EPS, surpassing analysts' expectations of $1.73, despite revenue being slightly below consensus estimates.
• The company has increased its quarterly dividend from $0.47 to $0.53, resulting in an annualized yield of 2.0%.

The Bank of New York Mellon Corporation (NYSE:BK - Free Report) - Research analysts at Zacks Research increased their FY2026 earnings estimates for Bank of New York Mellon in a research note issued on Tuesday, September 9th. Zacks Research analyst Team now forecasts that the bank will earn $7.59 per share for the year, up from their previous forecast of $7.58. The consensus estimate for Bank of New York Mellon's current full-year earnings is $6.96 per share. Zacks Research also issued estimates for Bank of New York Mellon's Q1 2027 earnings at $1.94 EPS, Q2 2027 earnings at $2.08 EPS and FY2027 earnings at $8.51 EPS.

Several other analysts have also commented on BK. Morgan Stanley increased their price target on shares of Bank of New York Mellon from $95.00 to $101.00 and gave the company an "overweight" rating in a research report on Wednesday, July 16th. Evercore ISI raised their target price on shares of Bank of New York Mellon from $88.00 to $90.00 and gave the stock an "in-line" rating in a research report on Wednesday, July 2nd. Wells Fargo & Company raised their target price on shares of Bank of New York Mellon from $96.00 to $100.00 and gave the stock an "equal weight" rating in a research report on Wednesday, July 16th. Citigroup raised their target price on shares of Bank of New York Mellon from $92.00 to $105.00 and gave the stock a "neutral" rating in a research report on Friday, September 5th. Finally, Truist Financial raised their target price on shares of Bank of New York Mellon from $100.00 to $109.00 and gave the stock a "hold" rating in a research report on Thursday, August 14th. Eight analysts have rated the stock with a Buy rating and six have given a Hold rating to the company's stock. According to MarketBeat.com, Bank of New York Mellon has an average rating of "Moderate Buy" and a consensus target price of $96.62.

Bank of New York Mellon Price Performance

Shares of BK stock traded up $0.86 during trading hours on Wednesday, hitting $106.46. The company's stock had a trading volume of 2,609,349 shares, compared to its average volume of 2,833,322. The business has a fifty day moving average of $101.15 and a 200-day moving average of $90.49. The stock has a market cap of $75.08 billion, a price-to-earnings ratio of 16.25, a P/E/G ratio of 1.00 and a beta of 1.14. Bank of New York Mellon has a twelve month low of $68.51 and a twelve month high of $106.57. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.86.

Bank of New York Mellon (NYSE:BK - Get Free Report) last released its quarterly earnings results on Tuesday, July 15th. The bank reported $1.94 EPS for the quarter, beating the consensus estimate of $1.73 by $0.21. The business had revenue of $4.77 billion for the quarter, compared to analyst estimates of $4.80 billion. Bank of New York Mellon had a net margin of 12.27% and a return on equity of 13.46%. The company's quarterly revenue was up 9.4% on a year-over-year basis. During the same period in the prior year, the business earned $1.51 earnings per share.

Institutional Investors Weigh In On Bank of New York Mellon

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in Bank of New York Mellon by 0.7% during the 2nd quarter. Vanguard Group Inc. now owns 71,092,148 shares of the bank's stock worth $6,477,206,000 after acquiring an additional 517,081 shares in the last quarter. Geode Capital Management LLC grew its holdings in Bank of New York Mellon by 4.3% during the 2nd quarter. Geode Capital Management LLC now owns 18,898,373 shares of the bank's stock worth $1,717,074,000 after acquiring an additional 785,478 shares in the last quarter. Artisan Partners Limited Partnership grew its holdings in Bank of New York Mellon by 0.9% during the 2nd quarter. Artisan Partners Limited Partnership now owns 15,803,214 shares of the bank's stock worth $1,439,831,000 after acquiring an additional 139,544 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in Bank of New York Mellon by 1.9% during the 1st quarter. Ameriprise Financial Inc. now owns 12,043,601 shares of the bank's stock worth $1,010,093,000 after acquiring an additional 221,613 shares in the last quarter. Finally, Norges Bank acquired a new position in Bank of New York Mellon during the 2nd quarter worth $1,081,847,000. Hedge funds and other institutional investors own 85.31% of the company's stock.

Insider Activity at Bank of New York Mellon

In other news, EVP J Kevin Mccarthy sold 20,000 shares of the firm's stock in a transaction on Tuesday, July 22nd. The shares were sold at an average price of $98.45, for a total value of $1,969,000.00. Following the transaction, the executive vice president owned 35,115 shares of the company's stock, valued at approximately $3,457,071.75. This trade represents a 36.29% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.14% of the company's stock.

Bank of New York Mellon Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 7th. Stockholders of record on Friday, July 25th were paid a $0.53 dividend. The ex-dividend date of this dividend was Friday, July 25th. This represents a $2.12 dividend on an annualized basis and a dividend yield of 2.0%. This is a boost from Bank of New York Mellon's previous quarterly dividend of $0.47. Bank of New York Mellon's payout ratio is 32.37%.

Bank of New York Mellon Company Profile

The Bank of New York Mellon Corporation provides a range of financial products and services in the United States and internationally. The company operates through Securities Services, Market and Wealth Services, Investment and Wealth Management, and other segments. The Securities Services segment offers custody, trust and depositary, accounting, exchange-traded funds, middle-office solutions, transfer agency, services for private equity and real estate funds, foreign exchange, securities lending, liquidity/lending services, and data analytics.