JPMorgan raised the firm’s price target on BNY Mellon to $77 from $69 and keeps an Overweight rating on the shares. The firm says trust banks should be well positioned leading into Q3 earnings due to solid revenue fundamentals, “tempered a little” by seasonality and higher expenses, especially at Northern Trust.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BK:
- Options Volatility and Implied Earnings Moves This Week, October 07 – October 11, 2024
- BNY Mellon price target raised to $78 from $72 at Morgan Stanley
- BNY Mellon price target raised to $80 from $74 at Goldman Sachs
- Microsoft downgraded, Pinterest initiated: Wall Street’s top analyst calls
- BNY Mellon upgraded to Buy from Hold at Deutsche Bank