BNY Mellon Plans Series M Preferred Stock Offering

An update from Bank of New York Mellon ( (BK) ) is now available.

On February 26, 2026, Bank of New York Mellon announced a proposed public offering of depositary shares, each representing a 1/100th interest in a new Series M Noncumulative Perpetual Preferred Stock, with final pricing yet to be determined. The bank plans to use any net proceeds for general corporate purposes, which may include redeeming some or all of its existing Series F and Series H preferred stock in March and September 2026, respectively, though any such redemptions and the closing of the offering remain contingent on market conditions and further decisions by the company.

The most recent analyst rating on (BK) stock is a Buy with a $143.00 price target. To see the full list of analyst forecasts on Bank of New York Mellon stock, see the BK Stock Forecast page.

Spark’s Take on BK Stock

According to Spark, TipRanks’ AI Analyst, BK is a Outperform.

The score is driven primarily by strong financial performance and an upbeat earnings call with clear guidance and raised medium-term targets. Technicals are supportive with price above major moving averages and a positive MACD, while valuation appears reasonable rather than cheap. The main offsets are weaker free cash flow growth, balance-sheet reliance on debt, and business line pressure in Investment & Wealth Management alongside fee and deposit-margin headwinds.

To see Spark’s full report on BK stock, click here.

More about Bank of New York Mellon

The Bank of New York Mellon Corporation is a global financial services company that operates as both a custodian bank and an asset manager, providing securities services, treasury services, and investment management solutions. The firm focuses on supporting institutional and corporate clients with custody, clearing, and related capital markets and balance sheet management activities.

Average Trading Volume: 3,700,442

Technical Sentiment Signal: Buy

Current Market Cap: $80.21B

Find detailed analytics on BK stock on TipRanks’ Stock Analysis page.