BNY Mellon stock: Ripple custody expands as JPMorgan lifts target
Published on 10/31/2026 at 10:10 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSKey developments for investors
- BNY expanded institutional custody support for XRP and RLUSD with Ripple.
- The companies are exploring tokenized trade finance and additional XRPL products.
- JPMorgan raised its price target while retaining an overweight rating.
BNY Mellon stock traded at 131.50 euros on Lang & Schwarz at 10:09 CET on Saturday, October 31, 2026.
On October 27, BNY announced an expanded digital-asset collaboration with Ripple. In its BNY press release, the bank said eligible institutional clients can safekeep, hold and transfer XRP and RLUSD through its Digital Asset Custody platform.
Digital assets move toward use cases
The announcement extends BNY's role as primary reserve custodian for RLUSD and its custody relationship with Ripple Prime. BNY also intends to broaden support for tokenized assets and investment products issued on the XRP Ledger.
BNY and Ripple are exploring a supply-chain-finance initiative with C2FO focused on investor access to approved receivables. The companies also plan to work toward direct RLUSD minting and redemption for eligible BNY clients. Those future plans remain subject to final BNY and regulatory approvals.
JPMorgan lifts its target
On October 30, JPMorgan raised its BNY price target from 161.00 US dollars to 166.50 US dollars and maintained an overweight rating, according to MarketBeat. The report also cited BNY's third-quarter earnings of 2.37 US dollars per share and revenue of 5.68 billion US dollars, but those results were released on October 15.
For investors, the week combined a new digital-assets growth avenue with continued sell-side support. The immediate commercial contribution from the planned tokenization initiatives will depend on client demand, approvals and implementation.
For the real-time quote of BNY Mellon stock, investors can follow the latest trading indication.
BNY trades on the New York Stock Exchange, where the S&P 500 market backdrop provides the relevant broad-market context.
More news and analyses on BNY Mellon stock are available on the company topic page.
BNY Mellon stock facts
- Company: The Bank of New York Mellon Corporation
- ISIN: US0640581007
- Ticker: BNY
- Primary exchange: New York Stock Exchange
- Lang & Schwarz quote: 131.50 euros on Saturday, October 31, 2026, at 10:09 CET
