On July 9, Bank of New York Mellon rose 3.02% in regular trading, trading at $154.79/share, with turnover of $112 million.

On the news front, multiple sell-side institutions have recently raised their target prices on the stock in quick succession. On the same day, Keefe, Bruyette & Woods raised its target to $166 from $150, following Goldman Sachs adjusting to $165 with a maintained Buy rating, Citigroup raising to $167, and Seaport Global lifting to $162. According to FactSet, the stock now carries an average rating of Overweight with a consensus target price of $156.43.

Additionally, the company is scheduled to report quarterly earnings on July 15. Last quarter, revenue grew 13.83% year-over-year to $5.409 billion, while adjusted EPS surged 42.41% year-over-year to $2.25. Market expectations for the upcoming quarter remain broadly positive, with consensus EPS estimated at $2.19. The company also recently announced plans to increase its quarterly dividend by 19% to $0.63 per share, further reinforcing shareholder return momentum.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)