Bank of New York Mellon (BK) Gets a Hold from Evercore ISI
In a report released today, Glenn Schorr from Evercore ISI maintained a Hold rating on Bank of New York Mellon, with a price target of $119.00.
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According to TipRanks, Schorr is a 5-star analyst with an average return of 11.3% and a 64.49% success rate. Schorr covers the Financial sector, focusing on stocks such as Franklin Resources, Invesco, and JPMorgan Chase.
In addition to Evercore ISI, Bank of New York Mellon also received a Hold from Citi’s Emily Ericksen in a report issued today. However, on the same day, Morgan Stanley maintained a Buy 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
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- BNY Mellon price target raised to $142 from $140 at BofA
- BNY Mellon price target raised to $130 from $124 at RBC Capital
- BNY Mellon price target raised to $122 from $119 at Wells Fargo
- BNY Mellon price target raised to $136 from $120 at Citi
- BNY Mellon price target raised to $143 from $132 at Keefe Bruyette
