Street View: BNY to see positive business momentum heading into 2025

Median Technologies SA

16/01/2025 12:11

** BNY  BK.N  on Wednesday beat fourth-quarter profit
estimates, helped by higher investment services fees from its
clients
    ** Median PT of 18 brokerages covering stock is $92 - LSEG
data
    
    HAS ROOM FOR PROFIT GROWTH
    ** BofA Global Research ("buy," PT: $95) says BNY is still
in early to middle innings of transformation that has  potential
to drive better-than-expected growth and profit
    ** "We view BK as a capital light business model with strong
ROTCE generation which should support healthy capital return,"
BofA says
    ** KBW ("outperform," PT: $96) sees momentum in servicing
income and cost control driving results, with recent earnings
outcomes projected to drive growth and indicate further upside
potential
    ** RBC ("sector perform," PT: $90) says with non-interest
expense having fallen, investors are seeing evidence of
successful execution of co's business strategy
    ** Barclays ("overweight," PT: $104) says BNY's growth could
be driven by net interest income, controlled expenses and stable
deposits 

    

 (Reporting by Rashika Singh in Bengaluru)
 ((rashika.singh@thomsonreuters.com))