Bank of New York Mellon Analysts Increase Their Forecasts After Upbeat Earnings
Portfolio Pulse from Avi Kapoor
Bank of New York Mellon (NYSE:BK) reported strong Q3 earnings, surpassing expectations with a 20% YoY increase in EPS and a 5% rise in revenue. Analysts have raised their price targets for BK, reflecting positive sentiment.
October 14, 2024 | 6:15 pm
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Bank of New York Mellon reported better-than-expected Q3 earnings, with a 20% YoY increase in EPS and a 5% rise in revenue. Analysts have raised their price targets, indicating a positive outlook for the stock.
The strong Q3 earnings report, with significant YoY growth in EPS and revenue, has led analysts to raise their price targets for BK. This suggests a positive short-term impact on the stock price as investor sentiment improves.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100