Truist raised the firm’s price target on BNY Mellon (BK) to $119 from $118 and keeps a Hold rating on the shares as part of a broader research note on Trust Banks & Capital Markets. The firm notes that its estimates trend slightly higher on stronger activity levels and flows, also citing the company’s stronger net interest income following the increased guidance for Q4 as well as marginally lower expenses, the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BK:
- BNY Mellon price target raised to $126 from $120 at Goldman Sachs
- BNY Mellon price target raised to $109 from $100 at Wells Fargo
- BNY Mellon price target raised to $124 from $120 at Keefe Bruyette
- BNY Mellon price target raised to $120 from $104 at Barclays
- BNY Mellon Reports Strong Q3 2025 Financial Results