12 Best Stocks to Buy According to Billionaire Mario Gabelli

7. Bank of New York Mellon Corp. (NYSE:BK)

Position Weight / Position Value: 1.4% / $141.0 Million

Bank of New York Mellon Corp. (NYSE:BK) is the seventh-largest position for GAMCO Investors, with a $141 million investment accounting for 1.35% of its 13F equity portfolio. In Q4 2025, the fund reduced its position to 1.21 million shares, down 7% from 1.31 million in Q3.

The stock posted a very strong performance in 2025, surging more than 50%. However, the performance has been lacklustre year to date in 2026, with the stock down around 1%, which caps the past 1-year’s performance at 37%.

In its Q4 2025 shareholder commentary, Gabelli said Bank of New York Mellon Corp. (NYSE:BK) is benefiting from “A steeper interest rate curve, the return of deal-making, a strong stock market, and solid spending among more affluent consumers.” Moreover, they highlighted, “The company operates in more than 100 markets worldwide and strives to be the global provider of choice for investment management and investment services. As of September 30, the firm had $57.8 trillion in assets under custody and $2.1 trillion in assets under management.”

Bank of New York Mellon Corp. (NYSE:BK) has also seen favorable analyst views recently. A March 3, 2026, report from investing.com highlighted that a Bank of America analyst recently assigned an 18x multiple to 2026 earnings, higher than the 5-year pre-pandemic average of 13x, to derive a price target of $142. As per the report, this higher multiple reflects BK’s capital-light, high-return-on-equity business with limited credit risk and sticky customer relationships.

Bank of New York Mellon Corp. (NYSE:BK) is a global financial services company that provides investment management and investment services, including custody, asset servicing, treasury services, and wealth management to institutional clients, corporations, and governments worldwide.