Credit Suisse (SIX:CSGN) analyst Susan Roth Katzke maintained a Buy rating on Bank Of New York Mellon on Monday, setting a price target of $44, which is approximately 15.97% above the present share price of $37.94.
Roth Katzke expects Bank Of New York Mellon to post earnings per share (EPS) of $1.05 for the third quarter of 2020.
The current consensus among 9 TipRanks analysts is for a Moderate Buy rating of shares in BNY Mellon, with an average price target of $45.5.
The analysts price targets range from a high of $54 to a low of $41.5.
In its latest earnings report, released on 03/31/2020, the company reported a quarterly revenue of $4 billion and a net profit of $0. The company's market cap is $34.13 billion.
According to TipRanks.com, Credit Suisse analyst Susan Roth Katzke is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 13.8% and a 69.57% success rate.
The Bank of New York Mellon (NYSE:BK) Corp. is a bank holding company, which engages in the provision of financial services. It operates through the Investment Services and Investment Management segments. The Investment Services segment includes institutional trust and custody fees, broker-dealer services, corporate trust, depositary receipts, and foreign exchange. The Investment Management segment provides services to institutional and retail investors, as well as investment management, wealth and estate planning. The company was founded by Alexander Hamilton on June 9, 1784 and is headquartered in New York, NY.