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Bank of New York Mellon (BK) Receives a Rating Update from a Top Analyst

Tipranks - Tipranks - Thu Jan 15, 6:24AM CST

Wells Fargo analyst Mike Mayo maintained a Hold rating on Bank of New York Mellon today and set a price target of $122.00.

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According to TipRanks, Mayo is a top 100 analyst with an average return of 18.0% and a 73.26% success rate. Mayo covers the Financial sector, focusing on stocks such as Citigroup, JPMorgan Chase, and Bank of America.

In addition to Wells Fargo, Bank of New York Mellon also received a Hold from Citi’s Emily Ericksen in a report issued today. However, yesterday, TipRanks – OpenAI reiterated a Buy 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 September 30, the company reported a quarterly revenue of $10.36 billion and a net profit of $1.45 billion. In comparison, last year the company earned a revenue of $10.16 billion and had a net profit of $1.18 billion

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