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Bank of New York Mellon (BK) Gets a Hold from RBC Capital

Tipranks - Tipranks - Fri Mar 27, 8:48PM CDT

RBC Capital analyst Gerard Cassidy maintained a Hold rating on Bank of New York Mellon yesterday and set a price target of $130.00.

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Cassidy covers the Financial sector, focusing on stocks such as Goldman Sachs Group, JPMorgan Chase, and PNC Financial. According to TipRanks, Cassidy has an average return of 13.9% and a 65.07% success rate on recommended stocks.

Bank of New York Mellon has an analyst consensus of Moderate Buy, with a price target consensus of $135.68.

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Based on Bank of New York Mellon’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $8.87 billion and a net profit of $1.46 billion. In comparison, last year the company earned a revenue of $10.03 billion and had a net profit of $1.16 billion

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