Truist raised the firm’s price target on BNY Mellon (BK) to $100 from $97 and keeps a Hold rating on the shares. The firm is updating the bank’s model to incorporate the results from the quarter and latest management commentary, noting that its rising estimates reflect stronger fee income in certain businesses like clearance/collateral management, issuer services, and FX trading, along with stronger net interest income in 2025 tracking to the raised guidance, the analyst tells investors in a research note.
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