BNY Mellon stock gains 1.03 percent as JPMorgan lifts target
Published on 10/03/2026 at 23:19 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
BNY Mellon stock (ISIN US0640581007) closed at USD 145.40 on the NYSE on October 2, 2026, up 1.03 percent after JPMorgan raised its price target from USD 159 to USD 161. The move puts the new target 10.73 percent above the closing price and gives the latest analyst revision a clear earnings link.
JPMorgan raises its target
Markets Insider reported on October 2, 2026, that JPMorgan lifted its BNY Mellon target to USD 161 from USD 159 and maintained an Overweight rating. The analyst cited likely good third-quarter earnings, making the October reporting date the next test for the revised view.
BNY Mellon already enters that test with a strong second-quarter comparison. According to Yahoo Finance on September 29, 2026, second-quarter revenue rose 13.3 percent year over year to USD 5.7 billion, while adjusted EPS reached USD 2.45 and exceeded consensus.
Second-quarter results set the bar
The standardized quarterly figures show USD 5.698 billion in total revenue and USD 1.792 billion in consolidated net income for Q2/2026. Diluted EPS was USD 2.45, compared with USD 2.24 in Q1/2026, a sequential increase of 9.4 percent.
The earnings preview also puts the coming comparison in concrete terms: analysts expect diluted EPS of USD 2.25 for Q3/2026, up 17.8 percent from USD 1.91 in the year-ago quarter, according to Yahoo Finance.
Stock remains below its yearly high
At USD 145.40, BNY Mellon was 12.3 percent below its 52-week high of USD 165.84 and 41.0 percent above its 52-week low of USD 103.11 on October 2, 2026. The session range was USD 143.69 to USD 145.90, with volume of 2,830,358 shares.
The market capitalization was USD 99.8 billion on October 2, 2026. Investing.com identifies the primary listing as NYSE:BNY and names October 14, 2026, as the next earnings date.
October earnings provide the next checkpoint
For investors, the central comparison is now between the USD 2.45 diluted EPS delivered in Q2/2026 and the USD 2.25 consensus estimate for Q3/2026. JPMorgan's USD 161 target, the October 14 reporting date and the stock's 12.3 percent distance from its yearly high define the immediate reference points for BNY Mellon stock.
BNY Mellon stock at a glance
- Company: The Bank of New York Mellon Corporation
- ISIN: US0640581007
- Ticker: BNY
- Trading venue: NYSE
- Price (as of October 2, 2026): Closing price USD 145.40
- Market capitalization: USD 99.8 billion (as of October 2, 2026)
- 52-week range: USD 103.11-165.84 (as of October 2, 2026)
- Sector / Industry: Financial Services / Investment Banking and Investment Services
- Next earnings date: October 14, 2026
