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Barclays Sticks to Their Buy Rating for Bank of New York Mellon (BK)

Tipranks - Tipranks - Thu Apr 2, 4:34AM CDT

Barclays analyst Jason Goldberg maintained a Buy rating on Bank of New York Mellon today and set a price target of $143.00.

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According to TipRanks, Goldberg is a 5-star analyst with an average return of 12.8% and a 64.91% success rate. Goldberg covers the Financial sector, focusing on stocks such as JPMorgan Chase, Bank of America, and Regions Financial.

In addition to Barclays, Bank of New York Mellon also received a Buy from Bank of America Securities’s Ebrahim Poonawala in a report issued on March 25. However, yesterday, Morgan Stanley maintained a Hold rating on Bank of New York Mellon (NYSE: BK).

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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 $10.07 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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