New York Mellon: TD Cowen maintains Buy, PT raised to $133.

New York Mellon: TD Cowen maintains Buy, PT raised to $133.

TD Cowen has maintained its Buy rating for Bank of New York Mellon (NYSE: BK) while raising its price target to $133.00, up from $130.00, following the bank's strong third-quarter results. The stock currently trades at $107.04, making it appear undervalued according to InvestingPro Fair Value metrics, as noted in an Investing.com article.

The investment firm highlighted BNY Mellon's solid performance across various metrics. The bank delivered stronger-than-expected revenue, effective cost control, an expanding net interest margin, and improved efficiency. BNY Mellon's impressive 40% six-month return and consistent dividend growth streak of 15 years underscore its strong market position. TD Cowen noted that the bank's robust and improving profit margins and return on tangible common equity (ROTCE) are key factors supporting the price target increase.

BNY Mellon's shares currently trade at 12.9 times expected 2026 earnings per share and 3.4 times estimated 2025 tangible book value. TD Cowen maintained its Buy recommendation, identifying BNY Mellon as one of its top picks with a "favorable earnings result and positive setup going into 2026."

In other recent news, BNY Mellon reported its third-quarter 2025 earnings, exceeding analysts' expectations. The company achieved an earnings per share of $1.91, surpassing the forecasted $1.77, which represents a 7.91% surprise. Revenue also exceeded expectations, reaching $5.08 billion compared to the anticipated $4.97 billion. Despite these positive results, the company's stock experienced a decline in pre-market trading.

Keefe, Bruyette & Woods (KBW) also raised its price target for BNY Mellon to $124 from $120, maintaining an Outperform rating on the stock, as reported in an Investing.ca article. KBW highlighted the bank's core return on tangible common equity of nearly 27% and a core pretax margin of 37% as indicators of strong performance.

These developments reflect recent progress and adjustments in the company's financial outlook. TD Cowen's price target increase, coupled with KBW's Outperform rating, signals confidence in BNY Mellon's future performance.