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Truist Financial Reaffirms Their Buy Rating on Bank of New York Mellon (BK)

Tipranks - Tipranks - Sat Apr 18, 6:48AM CDT

Truist Financial analyst David Smith -CFA maintained a Buy rating on Bank of New York Mellon today and set a price target of $148.00.

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Smith -CFA covers the Financial sector, focusing on stocks such as Robinhood, Charles Schwab, and Webster Financial. According to TipRanks, Smith -CFA has an average return of 11.7% and a 77.36% success rate on recommended stocks.

In addition to Truist Financial, Bank of New York Mellon also received a Buy from KBW’s David Konrad in a report issued today. However, yesterday, RBC Capital 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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