AllAnalyst Report
logoArgusApril 20, 2021

The Bank of New York Mellon Corporation: Maintaining HOLD on revenue challenges

Symbols
BK
Sector(s)
Financial Services
Rating
Current Price
$51.30
Price Target
Earnings Estimate
Summary

BNY Mellon, the world's largest custody bank, is a global investment company helping clients manage and service their financial assets throughout the investment lifecycle. The Investment Services segment offers custody and related services for corporations, foundations, endowments, government agencies, banks and others. The Investment Management segment provides solutions for institutional, intermediary, retirement, and retail markets. BNY Mellon delivers investment management and investment services in 35 countries and more than 100 markets.

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Analyst Profile

Stephen Biggar

Director of Financial Institutions Research
Stephen is responsible for coverage of large global banks, regional banks and domestic credit card companies. He has covered financial services stocks for more than 20 years. He is also a member of the Argus Investment Policy Committee and Senior Portfolio Group, and frequently appears in print and broadcast media discussing the equity markets. Previously, he was the global director of equity research for S&P Capital IQ. He holds a degree in economics from Rutgers University.