This is Why The Bank of New York Mellon Corporation (BK) is one of Goldman Sachs Top Bank Stocks

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.

This is Why The Bank of New York Mellon Corporation (BK) is one of Goldman Sachs Top Bank Stocks

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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.

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