Truist cuts target for BNY Mellon stock to USD 165.00
Published on 10/26/2026 at 16:03 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSAnalyst and quarterly results
- Truist Financial lowered its BNY Mellon target from USD 172.00 to USD 165.00 on October 16, 2026.
- Third-quarter revenue reached USD 5.68 billion, up 12.00 percent from a year earlier.
- BNY Mellon stock costs EUR 132.50 at Lang & Schwarz on October 26, 2026 at 3:59 p.m. CEST, up 2.71 percent versus the Tradegate close of October 23, 2026.
BNY Mellon (ISIN US0640581007) saw Truist Financial lower its target from USD 172.00 to USD 165.00 on October 16, 2026, according to The Globe and Mail. At Lang & Schwarz, the stock was trading at EUR 132.50 on October 26, 2026 at 3:59 p.m. CEST, up 2.71 percent versus the Tradegate close of October 23, 2026 at EUR 129.00.
Quarterly growth stays broad
BNY reported third-quarter 2026 revenue of USD 5.68 billion, up 12.00 percent from USD 5.08 billion a year earlier. Net income attributable to common shareholders rose 20.00 percent to USD 1.61 billion, while diluted earnings per share increased 24.00 percent to USD 2.34, according to Hargreaves Lansdown.
The company reported a third-quarter pre-tax margin of 39.00 percent and assets under custody and administration of USD 63.40 trillion, up 10.00 percent year over year. BNY also returned USD 1.40 billion to shareholders through USD 937.00 million of repurchases and USD 436.00 million of dividends, the report said.
The stock stays below its high
On the NYSE, BNY Mellon was trading at USD 148.27 on October 26, 2026 at 11:02 a.m. EDT. Its 52-week range was USD 105.42 to USD 165.84, putting the price 10.60 percent below the high. The stock had a market capitalization of USD 100.6 billion and a price-to-earnings ratio of 16.42.
What does the target imply?
Truist's USD 165.00 target stood 11.28 percent above the NYSE price of USD 148.27 on October 26, 2026. The target change is a distinct signal from the third-quarter operating picture: revenue growth exceeded expense growth, with non-interest expenses rising 8.00 percent in the quarter.
Comparison with peers
BNY Mellon: up 2.71 percent versus the Tradegate close, price-to-earnings ratio 16.42, market capitalization USD 100.6 billion. State Street (NYSE, USD): up 2.22 percent, price-to-earnings ratio 14.00, market capitalization USD 46.8 billion. Northern Trust (NYSE, USD): up 2.29 percent, price-to-earnings ratio 13.47, market capitalization USD 31.4 billion.
Target and price in context
The analyst target and the latest quarterly figures place valuation alongside operating execution. The Tradegate quote gives German investors a euro-denominated market view, while the NYSE price remains the home-market reference for the analyst comparison. The further course of trading is shown by the continuously updated real-time quote of BNY Mellon stock.
BNY Mellon stock facts
- Company: The Bank of New York Mellon Corporation
- ISIN: US0640581007
- Ticker: BNY
- Primary exchange: NYSE
- Price Lang & Schwarz (as of October 26, 2026, 3:59 p.m. CEST): EUR 132.50
- Change versus Tradegate close: plus 2.71 percent
- Tradegate close (October 23, 2026): EUR 129.00
- Market capitalization: USD 100.6 billion (as of October 26, 2026)
- 52-week range: USD 105.42-165.84 (as of October 26, 2026)
- Sector / Industry: Financial Services / Investment Banking and Investment Services
Market context: Market report S&P 500.
