Citi cuts target for BNY Mellon stock to USD 157 from USD 160
Published on 10/22/2026 at 11:21 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSTargets and operating scale
- Citi cut its BNY Mellon target from USD 160 to USD 157 on October 19, 2026.
- BNY reported USD 5.676 billion of third-quarter revenue for the period ended September 30, 2026, up 12 percent.
- BNY Mellon stock was trading at EUR 129.00 at 11:11 a.m. CEST at Lang & Schwarz on October 22, 2026.
- The next earnings date is January 15, 2027.
BNY Mellon (ISIN US0640581007) faces a lower Citi target of USD 157 from USD 160 after the bank's third-quarter report. According to Markets Insider, the change was published on October 19, 2026, with Citi retaining a Neutral rating.
Target cut keeps valuation in view
The target reduction contrasts with BNY's strong operating figures for the third quarter ended September 30, 2026. BNY reported total revenue of USD 5.676 billion, up 12 percent from the year-earlier quarter, while diluted GAAP earnings per share rose 24 percent to USD 2.34.
The key investor tension is operating leverage. BNY reported a 38.5 percent pre-tax operating margin and USD 1.608 billion of net income applicable to common shareholders in the third quarter. Net interest income reached USD 1.423 billion, up 15 percent year over year, although it fell 2 percent from the second quarter.
Three dated developments
On October 15, 2026, BNY reported USD 5.676 billion of third-quarter revenue and diluted earnings per share of USD 2.34. On October 16, 2026, MarketScreener reported BNY's VeriCORE initiative with Snapdocs and the Structured Finance Association. On October 19, 2026, Markets Insider reported Citi's target cut to USD 157.
What does the outlook mean?
BNY's third-quarter numbers leave the operating outlook as the central issue. Management's reported pre-tax margin was 38.5 percent, while assets under custody or administration reached USD 63.4 trillion on September 30, 2026. The combination gives the target cut a clear counterpoint: earnings growth was strong, but valuation expectations remain subject to analyst reassessment.
Dates for the next checkpoints
The next ex-dividend date is October 26, 2026, with a USD 0.63 dividend per share scheduled for payment on November 9, 2026. The next earnings date is January 15, 2027, according to Market Jury.
Stock trades in after-hours
BNY Mellon was trading at EUR 129.00 at Lang & Schwarz on October 22, 2026 at 11:11 a.m. CEST. The price is presented without a daily comparison because the dated Xetra close is not established in the available venue evidence.
The further course of trading is shown by the continuously updated real-time quote of BNY Mellon stock.
BNY Mellon stock key data
- Company: The Bank of New York Mellon Corporation
- ISIN: US0640581007
- Ticker: BNY
- Primary exchange: NYSE
- Price Lang & Schwarz (as of October 22, 2026, 11:11 a.m. CEST): EUR 129.00
- Sector / Industry: Financial Services / Investment Banking and Investment Services
- Market capitalization: USD 97.9 billion (as of October 20, 2026)
- Next earnings date: January 15, 2027
Market context: Market report S&P 500.
