Citi raised the firm’s price target on BNY Mellon (BK) (BNY) to $120 from $113 and keeps a Neutral rating on the shares. The firm upped price targets for the custody banks ahead of the Q4 reports. It sees net interest income forecasts coming in 6% higher than consensus estimates. Citi believes State Street (STT) is best positioned for estimate upside in 2026.
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