Street View: BNY set to benefit from favorable operating environment

Bank Of New York Mellon

16/07/2026 13:38

** BNY BNY.N raised its 2026 revenue forecast above Wall Street expectations on Wednesday after trouncing estimates for second-quarter results, driven by higher interest income, fees and rising equity markets that boosted the value of client assets

SET UP FOR LONG-TERM SUCCESS
** KBW ("outperform," PT: $177) says, "... the current market conditions are very conducive for the company; however, we also believe they have positioned the business model for longer-term success and, we believe, are one of the top firms to benefit from AI strategies"
** Evercore ISI ("in line," PT: $145) says BNY is supported by robust client activity and investments, helping drive operating leverage going forward
** Truist Securities ("buy," PT: $178) says despite co's premium valuation, they remain positive as management continues to meet high expectations, driving strong operating leverage and returns through its capital-light business model
** Morningstar (fair value: $135) says rising equity markets are boosting asset-based fees, while market volatility is increasing trading and foreign exchange revenue making the current environment favorable for BNY

 (Reporting by Kanchana Chakravarty in Bengaluru)
 ((Kanchana.Chakravarty@thomsonreuters.com))