RBC Capital analyst Gerard Cassidy maintained a Hold rating on BNY Mellon on Friday, setting a price target of $49, which is approximately 3.18% above the present share price of $47.49.
Cassidy expects BNY Mellon to post earnings per share (EPS) of $0.79 for the first quarter of 2021.
The current consensus among 8 TipRanks analysts is for a Moderate Buy rating of shares in BNY Mellon, with an average price target of $50.25.
The analysts price targets range from a high of $55 to a low of $46.
In its latest earnings report, released on 12/31/2020, the company reported a quarterly revenue of $3.78 billion and a net profit of $0. The company's market cap is $41.65 billion.
According to TipRanks.com, RBC Capital analyst Gerard Cassidy is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 33.5% and a 82.40% success rate.
The Bank of New York Mellon (NYSE:BK) Corp. is a bank holding company, which provides a range of financial services. It was formed from the merger of The Bank of New York and the Mellon Financial Corporation in 2007. It operates through two segments: Investment Services and Investment Management.