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Investors boost stakes in Bank of New York Mellon after strong Q4 earnings beat estimates.
Institutional investors have increased their stakes in The Bank of New York Mellon, with Natixis Advisors LLC and Intech Investment Management LLC notably boosting their holdings.
The bank reported strong Q4 earnings, surpassing analyst expectations with a revenue of $4.85 billion and earnings per share of $1.72.
The company has a market cap of $59.21 billion and an average target price of $89.50, indicating a "Moderate Buy" consensus rating.
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Los inversores aumentan las acciones en el Bank of New York Mellon después de fuertes ganancias Q4 superar las estimaciones.