Deutsche Bank (DE:DBKGn) analyst Brian Bedell maintained a Hold rating on Bank Of New York Mellon on Friday, setting a price target of $35, which is approximately 7.73% above the present share price of $32.49.
Bedell expects Bank Of New York Mellon to post earnings per share (EPS) of $1.05 for the second quarter of 2020.
The current consensus among 13 TipRanks analysts is for a Moderate Buy rating of shares in BNY Mellon, with an average price target of $42.19.
The analysts price targets range from a high of $54 to a low of $30.
In its latest earnings report, released on 03/31/2020, the company reported a quarterly revenue of $4 billion and a net profit of $0. The company's market cap is $28.72 billion.
According to TipRanks.com, Deutsche Bank analyst Brian Bedell is a 4-star analyst with an average return of 1.6% and a 47.3% success rate.
The Bank of New York Mellon (NYSE:BK) Corp. is a bank holding company, which engages in the provision of financial services. It operates through the Investment Services and Investment Management segments. The Investment Services segment includes institutional trust and custody fees, broker-dealer services, corporate trust, depositary receipts, and foreign exchange. The Investment Management segment provides services to institutional and retail investors, as well as investment management, wealth and estate planning. The company was founded by Alexander Hamilton on June 9, 1784 and is headquartered in New York, NY.
