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

Tipranks - Fri Feb 27, 3:48AM CST

In a report released today, Jason Goldberg from Barclays maintained a Buy rating on Bank of New York Mellon, with a price target of $143.00.

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Goldberg covers the Financial sector, focusing on stocks such as Bank of America, Citigroup, and JPMorgan Chase. According to TipRanks, Goldberg has an average return of 16.8% and a 68.47% success rate on recommended stocks.

In addition to Barclays, Bank of New York Mellon also received a Buy from J.P. Morgan’s Vivek Juneja in a report issued on February 12. However, on February 20, Citi 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

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