Goldman Sachs Bank Stocks: Top 10 Stocks to Buy

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

Goldman Sachs Equity Stake: $740.34 Million

Number of Hedge Fund Holders: 60

The Bank of New York Mellon Corporation (NYSE:BK) is one of Goldman Sachs top bank stocks to buy. On April 17, Truist Securities reiterated its Buy rating on Bank of New York Mellon Corp (NYSE: BK) and raised the price target to $148 from $140. The price target hike comes on the heels of the bank delivering strong first-quarter 2026 results, impacted by broad-based growth across Securities Services and the Market and Wealth Services businesses.

Total revenue in the first quarter was up 13% year over year to $5.41 billion, driven by an 11% increase in fee revenue and an 18% increase in net interest income. Net income applicable to shareholders was up 36% year over year to $1.56 billion as diluted earnings per share increased 42% to $2.24.

Following the impressive first-quarter results, Truist Securities expects Bank of New York Mellon Corp’s overall revenue to grow by 7% for the year, above the company’s guidance of 6%. The research firm also projects fee growth of 5%, which is better than the 4% in the guidance. It has also raised its 2026 earnings per share estimate to $8.75 from $8.50.

The Bank of New York Mellon Corporation (NYSE:BK) is a global financial services company that provides investment, wealth management, and asset management services, acting primarily as a custodian to safeguard assets.