TD Cowen Sticks to Its Buy Rating for Bank of New York Mellon (BK)
In a report released yesterday, Steven Alexopoulos from TD Cowen maintained a Buy rating on Bank of New York Mellon, with a price target of $145.00. The company’s shares closed yesterday at $122.93.
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Alexopoulos covers the Financial sector, focusing on stocks such as JPMorgan Chase, Bank of America, and KeyCorp. According to TipRanks, Alexopoulos has an average return of 2.7% and a 57.79% success rate on recommended stocks.
In addition to TD Cowen, Bank of New York Mellon also received a Buy from KBW’s David Konrad in a report issued yesterday. However, today, Wells Fargo 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 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
Read More on BK:
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- BNY Mellon price target raised to $122 from $119 at Wells Fargo
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