What is Erste Group Bank’s Forecast for BNY FY2026 Earnings?

Bank of New York Mellon Corporation (NYSE:BNY) – Research analysts at Erste Group Bank raised their FY2026 earnings per share (EPS) estimates for shares of Bank of New York Mellon in a note issued to investors on Thursday, October 8th. Erste Group Bank analyst H. Engel now expects that the bank will earn $9.26 per share for the year, up from their previous forecast of $9.24. Erste Group Bank has a “Buy” rating on the stock. The consensus estimate for Bank of New York Mellon’s current full-year earnings is $9.27 per share.

Bank of New York Mellon (NYSE:BNY) last released its earnings results on Wednesday, July 15th. The bank reported $2.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.16 by $0.30. The firm had revenue of $5.70 billion for the quarter, compared to analyst estimates of $5.35 billion. Bank of New York Mellon had a return on equity of 16.00% and a net margin of 15.52%. The company’s revenue was up 13.3% on a year-over-year basis. During the same quarter last year, the firm posted $1.93 EPS.

Other equities research analysts also recently issued research reports about the stock. Zacks Research downgraded shares of Bank of New York Mellon from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 7th. Keefe, Bruyette & Woods upped their target price on shares of Bank of New York Mellon from $166.00 to $177.00 and gave the company an “outperform” rating in a research note on Thursday, July 16th. Bank of America increased their price target on shares of Bank of New York Mellon from $165.00 to $175.00 and gave the company a “buy” rating in a report on Monday, July 20th. Barclays raised their price target on shares of Bank of New York Mellon from $149.00 to $178.00 and gave the stock an “overweight” rating in a research report on Thursday, July 16th. Finally, Wells Fargo & Company boosted their price objective on shares of Bank of New York Mellon from $152.00 to $162.00 and gave the stock an “equal weight” rating in a report on Thursday, July 16th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $162.38.

Bank of New York Mellon Stock Up 0.0%

Shares of BNY stock opened at $142.78 on Tuesday. Bank of New York Mellon has a 12 month low of $103.11 and a 12 month high of $165.84. The firm has a market cap of $96.88 billion, a PE ratio of 16.62, a price-to-earnings-growth ratio of 1.11 and a beta of 1.06. The stock has a 50 day moving average of $156.06 and a 200-day moving average of $145.87. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.76.

Institutional Investors Weigh In On Bank of New York Mellon

A number of institutional investors have recently bought and sold shares of BNY. BlackRock Inc. bought a new position in shares of Bank of New York Mellon during the 2nd quarter worth about $8,321,111,000. Bank of America Corp DE bought a new stake in Bank of New York Mellon in the second quarter valued at about $2,499,438,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in Bank of New York Mellon in the second quarter worth about $1,214,193,000. Wellington Management Group LLP bought a new stake in shares of Bank of New York Mellon in the 2nd quarter valued at approximately $1,175,576,000. Finally, Amundi acquired a new position in shares of Bank of New York Mellon in the 2nd quarter worth approximately $985,533,000. Institutional investors and hedge funds own 85.31% of the company’s stock.

Insider Buying and Selling

In other Bank of New York Mellon news, CFO Dermot Mcdonogh sold 31,800 shares of the firm’s stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $155.26, for a total value of $4,937,268.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Jose Minaya sold 3,520 shares of Bank of New York Mellon stock in a transaction that occurred on Monday, September 28th. The stock was sold at an average price of $148.79, for a total value of $523,740.80. Following the sale, the vice president directly owned 176,824 shares in the company, valued at $26,309,642.96. The trade was a 1.95% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 38,840 shares of company stock valued at $6,033,502 in the last quarter. Corporate insiders own 0.17% of the company’s stock.

Bank of New York Mellon Company Profile

BNY, formerly known as BNY Mellon, is a global financial services company headquartered in New York City. Formed in 2007 through the merger of the Bank of New York and Mellon Financial Corporation, BNY traces its roots back to 1784, making it one of the oldest banking institutions in the United States. It was also the first company listed on the New York Stock Exchange.

BNY operates at the center of the world’s capital markets, partnering with clients to help them operate more efficiently and accelerate growth.