Nomura Reiterates Neutral on Bank of New York Mellon (BK)

By admin | 6 years ago

Bank of New York Mellon (NYSE: BK)‘s stock had its “neutral” rating reiterated by equities research analysts at Nomura (NYSE: NMR) in a research note issued to investors on Monday. They currently have a $900.00 price target on the stock.

A number of other firms have also recently commented on BK. Analysts at TheStreet upgraded shares of Bank of New York Mellon to a “buy” rating in a research note to investors on Thursday, April 19th. Separately, analysts at Sandler O’Neill upgraded shares of Bank of New York Mellon from a “hold” rating to a “buy” rating in a research note to investors on Thursday, April 19th. Finally, analysts at Sandler O’Neill downgraded shares of Bank of New York Mellon from a “buy” rating to a “hold” rating in a research note to investors on Wednesday, April 4th.

Shares of Bank of New York Mellon traded up 1.62% during mid-day trading on Monday, hitting $20.70. Bank of New York Mellon has a one year low of $17.10 and a one year high of $28.36. The company has a market cap of $24.689 billion and a P/E ratio of 9.94.

Bank of New York Mellon last issued its quarterly earnings data on Wednesday, April 18th. The company reported $0.52 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.52. The company’s revenue for the quarter was up .0% on a year-over-year basis. On average, analysts predict that Bank of New York Mellon will post $0.57 earnings per share next quarter.

The Bank of New York Mellon Corporation (BNY Mellon) is a global financial services company. The Company divides its businesses into two principal segments: Investment Management and Investment Services.

About the author