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flag Sumitomo and Confluence increased their stakes in Bank of New York Mellon, which beat earnings estimates.

flag Sumitomo Mitsui Trust Group Inc. and Confluence Wealth Services Inc. have both adjusted their stakes in Bank of New York Mellon (BK), with Sumitomo increasing its holdings by 3.7% and Confluence by 13.3%. flag BK's stock opened at $91.28 on Friday, with analysts giving it a "Moderate Buy" rating and a consensus price target of $91.85. flag The bank recently reported earnings of $1.58 per share, beating estimates, and has a dividend yield of 2.06%.

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