12 Month Price Forecast For BK
Distance to BK Price Forecasts
BK Price Momentum
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Disclaimer: The information provided by Ticker Nerd is for educational and informational purposes only. It should not be considered financial or investment advice. Past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions. Analyst ratings and price forecasts are sourced from Wall St analysts and other experts. These projections are speculative and do not guarantee future stock performance.
Data last updated: January 22, 2025 3:55 PM UTC
BK Analyst Ratings & Price Targets
Based on our analysis of 24 Wall Street analysts, BK has a consensus that is bullish. The median price target is $93.50, with forecasts ranging from $70.00 to $104.00. Currently, there are 11 Buy ratings, 5 Hold ratings, and 1 Sell ratings.
With BK currently trading at $84.93, the median price forecast suggests a 10.1% upside. The most optimistic forecast comes from Jason Goldberg at Barclays, projecting a 22.5% upside, while Keith Horowitz at Citigroup provides the most conservative target, suggesting a -17.6% downside.
Please note that analyst price targets are forward-looking estimates subject to substantial market, economic, and company-specific risks. Past performance does not guarantee future results, and actual stock performance may materially differ from these projections. Investors should conduct their own due diligence and consider their investment objectives and risk tolerance before making investment decisions.
BK Analyst Consensus
BK Price Target Range
Latest BK Stock Forecasts by Analyst
These are the latest 20 analyst ratings and price targets for BK.
| Date | Firm | Analyst | Rating | Change | Price Target |
|---|---|---|---|---|---|
| Jan 21, 2025 | UBS | Brennan Hawken | Buy | Maintains | $94.00 |
| Jan 16, 2025 | Evercore ISI Group | Glenn Schorr | In-Line | Maintains | $83.00 |
| Jan 16, 2025 | Barclays | Jason Goldberg | Overweight | Maintains | $104.00 |
| Jan 16, 2025 | Deutsche Bank | Brian Bedell | Buy | Maintains | $98.00 |
| Jan 16, 2025 | Truist Securities | David Smith | Buy | Maintains | $93.00 |
| Jan 16, 2025 | Morgan Stanley | Betsy Graseck | Overweight | Maintains | $97.00 |
| Jan 16, 2025 | Wells Fargo | Whit Mayo | Equal-Weight | Maintains | $86.00 |
| Jan 16, 2025 | B of A Securities | Ebrahim Poonawala | Buy | Maintains | $95.00 |
| Jan 7, 2025 | Truist Securities | David Smith | Buy | Initiates | $91.00 |
| Jan 6, 2025 | Barclays | Jason Goldberg | Overweight | Maintains | $102.00 |
| Jan 3, 2025 | Wolfe Research | Steven Chubak | Peer Perform | Downgrade | $0.00 |
| Jan 3, 2025 | Morgan Stanley | Betsy Graseck | Overweight | Maintains | $90.00 |
| Jan 2, 2025 | Wells Fargo | Whit Mayo | Equal-Weight | Maintains | $82.00 |
| Dec 9, 2024 | Morgan Stanley | Betsy Graseck | Overweight | Upgrade | $94.00 |
| Dec 3, 2024 | Keefe, Bruyette & Woods | David Konrad | Outperform | Maintains | $96.00 |
| Nov 25, 2024 | Citigroup | Keith Horowitz | Neutral | Maintains | $82.00 |
| Nov 15, 2024 | Wells Fargo | Whit Mayo | Equal-Weight | Maintains | $81.00 |
| Nov 11, 2024 | Deutsche Bank | Brian Bedell | Buy | Maintains | $85.00 |
| Oct 14, 2024 | Evercore ISI Group | Glenn Schorr | In-Line | Maintains | $77.00 |
| Oct 14, 2024 | RBC Capital | Gerard Cassidy | Sector Perform | Reiterates | $79.00 |
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Bank of New York Mellon Corp-The (BK) Financial Data
Bank of New York Mellon Corp-The has a market capitalization of $60.95B with a P/E ratio of 14.6x. The company generates $17.80B in trailing twelve-month revenue with a 20.0% profit margin.
Revenue growth is +4.7% quarter-over-quarter, while maintaining an operating margin of +33.2% and return on equity of +8.6%.
Valuation Metrics
Growth & Margins
Financial Health
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Bank of New York Mellon Corp-The (BK) Company Overview
About Bank of New York Mellon Corp-The
Provides diverse financial products and services.
The company generates revenue through various segments including Securities Services, Market and Wealth Services, and Investment and Wealth Management. Each segment offers specialized financial services such as custody, investment management, and cash management solutions, catering to a wide range of clients including financial institutions, corporations, and high-net-worth individuals.
Founded in 1784 and headquartered in New York, the firm leverages its long-standing expertise to serve central banks, asset managers, and local authorities, positioning itself as a key player in the global financial services industry.
Company Information
Sector
Financial Services
Industry
Banks - Diversified
Employees
52,600
CEO
Mr. Robin Antony Vince
Country
United States
IPO Year
1973
Website
www.bny.comBank of New York Mellon Corp-The (BK) Latest News & Analysis
The Bank of New York Mellon Corporation (BK) is being evaluated for its potential as a top stock pick for momentum investors.
Momentum investors seek stocks with strong recent performance. This scrutiny of BNY Mellon's potential could influence market sentiment and drive its stock price volatility.
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5 days agoFinancial stocks are essential to the economy and should be considered for a diversified investment portfolio.
Financial stocks influence economic stability and growth, impacting market performance and investment strategies. Their role in portfolios can affect overall returns and risk management.
Bank of New York Mellon (BK) shares rose 6% following the release of better-than-expected results, driven by increased fee revenue and reduced costs.
BNY's 6% share increase signals strong financial performance, driven by higher fee revenue and cost efficiency, indicating potential for future growth and profitability.
Bank of New York Mellon reported a significant increase in quarterly earnings due to higher fee and interest revenue, along with reduced costs compared to the previous year.
Rising earnings and reduced costs indicate improved profitability for Bank of New York Mellon, potentially boosting investor confidence and stock performance.
BK's Q4 earnings exceeded estimates due to increased fee income and strong asset management growth, with higher net interest income and lower provisions contributing positively.
Strong fourth-quarter earnings, driven by higher fee income and growth in assets under management, indicate BK's solid performance, suggesting potential for future profitability and stability.
BNY Mellon (NYSE: BK) held its Q4 2024 earnings call on January 15, 2025, with key executives including CEO Robin Vince and CFO Dermot McDonogh participating.
The earnings call provides insights into BNY Mellon's financial performance and strategic direction, influencing investor sentiment and stock valuation.
Frequently Asked Questions About BK Stock
What is Bank of New York Mellon Corp-The's (BK) stock forecast for 2025?
Based on our analysis of 24 Wall Street analysts, Bank of New York Mellon Corp-The (BK) has a median price target of $93.50. The highest price target is $104.00 and the lowest is $70.00.
Is BK stock a good investment in 2025?
According to current analyst ratings, BK has 11 Buy ratings, 5 Hold ratings, and 1 Sell ratings. The stock is currently trading at $84.93. Always conduct your own research and consider your investment goals before making investment decisions.
What is the price prediction for BK stock?
Wall Street analysts predict BK stock could reach $93.50 in the next 12 months. This represents a 10.1% increase from the current price of $84.93. Please note that this is a projection by Wall Street analysts and not a guarantee.
What is Bank of New York Mellon Corp-The's business model?
The company generates revenue through various segments including Securities Services, Market and Wealth Services, and Investment and Wealth Management. Each segment offers specialized financial services such as custody, investment management, and cash management solutions, catering to a wide range of clients including financial institutions, corporations, and high-net-worth individuals.
What is the highest forecasted price for BK Bank of New York Mellon Corp-The?
The highest price target for BK is $104.00 from Jason Goldberg at Barclays, which represents a 22.5% increase from the current price of $84.93.
What is the lowest forecasted price for BK Bank of New York Mellon Corp-The?
The lowest price target for BK is $70.00 from Keith Horowitz at Citigroup, which represents a -17.6% decrease from the current price of $84.93.
What is the overall BK consensus from analysts for Bank of New York Mellon Corp-The?
The overall analyst consensus for BK is bullish. Out of 24 Wall Street analysts, 11 rate it as Buy, 5 as Hold, and 1 as Sell, with a median price target of $93.50.
How accurate are BK stock price projections?
Stock price projections, including those for Bank of New York Mellon Corp-The, are based on various factors including financial models, market conditions, and analyst forecasts. While these predictions provide valuable insights, they should be considered alongside your own research and risk tolerance.
