Bank of New York Mellon (BK) Stock Forecast & Price Target

$80.14 +1.26 (+1.60%)

(As of 11/22/2024 ET)

Bank of New York Mellon - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy

Based on 13 Analyst Ratings

Sell
0

Hold
5

Buy
8

Based on 13 Wall Street analysts who have issued ratings for Bank of New York Mellon in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 13 analysts, 5 have given a hold rating, and 8 have given a buy rating for BK.

Consensus Price Target

$77.23
-3.63% Downside

According to the 13 analysts' twelve-month price targets for Bank of New York Mellon, the average price target is $77.23. The highest price target for BK is $86.00, while the lowest price target for BK is $66.00. The average price target represents a forecasted downside of -3.63% from the current price of $80.14.

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BK Analyst Ratings Over Time

Type	Current Forecast 11/26/23 to 11/25/24	1 Month Ago 10/27/23 to 10/26/24	3 Months Ago 8/28/23 to 8/27/24	1 Year Ago 11/26/22 to 11/26/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	8 Buy rating(s)	8 Buy rating(s)	6 Buy rating(s)	4 Buy rating(s)
Hold	5 Hold rating(s)	5 Hold rating(s)	5 Hold rating(s)	4 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$77.23	$76.69	$66.14	$52.40
Forecasted Upside	-3.63% Downside	1.98% Upside	-1.60% Downside	10.67% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Hold

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BK Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

BK Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Bank of New York Mellon Stock vs. The Competition

Type	Bank of New York Mellon	Finance Companies	S&P 500
Consensus Rating Score	2.62	2.49	2.50
Consensus Rating	Moderate Buy	Hold	Moderate Buy
Predicted Upside	-3.63% Downside	10.30% Upside	7.66% Upside
News Sentiment Rating	Positive News See Recent BK News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
11/15/2024	Wells Fargo & Company 3 of 5 stars		Boost Target	Equal Weight ➝ Equal Weight	$79.00 ➝ $81.00	+4.41%
11/11/2024	Deutsche Bank Aktiengesellschaft 3 of 5 stars		Boost Target	Buy ➝ Buy	$82.00 ➝ $85.00	+7.70%
10/14/2024	Royal Bank of Canada 4 of 5 stars		Reiterated Rating	Sector Perform ➝ Sector Perform	$79.00 ➝ $79.00	+4.36%
10/14/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$75.00 ➝ $86.00	+14.03%
10/14/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	In-Line ➝ In-Line	$66.00 ➝ $77.00	+3.56%
10/8/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$73.00 ➝ $82.00	+12.44%
Get the Latest News and Ratings for BK and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Bank of New York Mellon and its competitors with MarketBeat's FREE daily newsletter.
10/7/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$69.00 ➝ $77.00	+6.54%
9/30/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Equal Weight ➝ Equal Weight	$72.00 ➝ $78.00	+9.24%
9/26/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$74.00 ➝ $80.00	+10.85%
9/19/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating	K. Horowitz Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Neutral ➝ Neutral	$65.00 ➝ $70.00	-2.25%
7/15/2024	Keefe, Bruyette & Woods Subscribe to MarketBeat All Access for the recommendation accuracy rating	D. Konrad Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Outperform ➝ Outperform	$70.00 ➝ $75.00	+15.15%
4/18/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$67.00 ➝ $68.00	+22.97%
4/17/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$64.00 ➝ $66.00	+20.88%
1/4/2023	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Peer Perform ➝ Outperform	$60.00	+29.59%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Monday at 04:19 AM ET.

Should I Buy Bank of New York Mellon Stock? BK Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Thursday, November 14, 2024. Please send any questions or comments about these Bank of New York Mellon pros and cons to contact@marketbeat.com.

Bank of New York Mellon
Bull Case

Here are some ways that investors could benefit from investing in The Bank of New York Mellon Co.:

The Bank of New York Mellon Co. has recently shown strong financial performance, reporting a quarterly EPS of $1.52, beating analysts' estimates by $0.11. This indicates a positive earnings trend.
Analysts have consistently raised their price targets and ratings for The Bank of New York Mellon Co., with a consensus rating of "Moderate Buy" and an average price target of $76.69, suggesting potential for stock price appreciation.
The company has a dividend yield of 2.54%, offering investors a steady income stream through dividends.
The Bank of New York Mellon Co. operates in various segments, providing a diversified revenue stream that can help mitigate risks associated with a single business line.
With a market cap of $55.45 billion, The Bank of New York Mellon Co. is a well-established financial institution with a strong presence in the market, indicating stability and credibility.

Bank of New York Mellon
Bear Case

Investors should be bearish about investing in The Bank of New York Mellon Co. for these reasons:

The current stock price of The Bank of New York Mellon Co. may be considered relatively high compared to historical levels, potentially limiting short-term upside potential for investors.

BK Forecast - Frequently Asked Questions

: According to the research reports of 13 Wall Street equities research analysts, the average twelve-month stock price forecast for Bank of New York Mellon is $77.23, with a high forecast of $86.00 and a low forecast of $66.00.
: 13 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Bank of New York Mellon in the last year. There are currently 5 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" BK shares.
: According to analysts, Bank of New York Mellon's stock has a predicted downside of -3.63% based on their 12-month stock forecasts.
: Over the previous 90 days, Bank of New York Mellon's stock had 1 upgrade by analysts.
: Bank of New York Mellon has been rated by research analysts at Barclays, Citigroup, Deutsche Bank Aktiengesellschaft, Evercore ISI, JPMorgan Chase & Co., Morgan Stanley, Royal Bank of Canada, The Goldman Sachs Group, UBS Group, and Wells Fargo & Company in the past 90 days.
: Analysts like Bank of New York Mellon more than other "finance" companies. The consensus rating for Bank of New York Mellon is Moderate Buy while the average consensus rating for "finance" companies is Hold. Learn more on how BK compares to other companies.

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This page (NYSE:BK) was last updated on 11/25/2024 by MarketBeat.com Staff

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Bank of New York Mellon (BK) Stock Forecast & Price Target