Goldman Sachs Sticks to Their Buy Rating for Bank of New York Mellon (BK)
In a report released yesterday, Alexander Blostein from Goldman Sachs maintained a Buy rating on Bank of New York Mellon, with a price target of $146.00.
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According to TipRanks, Blostein is a 5-star analyst with an average return of 16.3% and a 68.10% success rate. Blostein covers the Financial sector, focusing on stocks such as Invesco, Nasdaq, and Virtu Financial.
In addition to Goldman Sachs, Bank of New York Mellon also received a Buy from J.P. Morgan’s Vivek Juneja in a report issued today. However, on March 31, Morgan Stanley maintained a Hold rating on Bank of New York Mellon (NYSE: BK).
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
Read More on BK:
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