JP Morgan Overweight on BNY Mellon (BK) with a Target Price of $128.50

NodeGuardian · 2026-03-02T05:23:03+00:00

JP Morgan maintains an "Overweight" rating on BNY Mellon, raising its target price to $128.50. Strong Q4 results showed a 26.3% YoY net income growth and 5.3% fee revenue increase, with management targeting over 5% revenue growth for 2026.

NodeGuardian

2026-03-02 05:23:03

Abstract generation in progress

JP Morgan has reiterated its “Overweight” rating on BNY Mellon (BK) and increased its target price to $128.50 from $125.00, following an update to its financial models for large-cap banks after Q4 2025 earnings. BNY Mellon’s strong Q4 performance was driven by a 26.3% YoY growth in net income and a significant 5.3% increase in fee revenue, particularly from investment services. The company’s management targets 5%+ YoY revenue growth for 2026.

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