Bank of New York Mellon Rated Among Top Dividend Stocks
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 28 2026
0mins
Source: Yahoo Finance
- Dividend Stock Recommendation: Billionaire Steven Cohen includes Bank of New York Mellon among his top 11 dividend stock picks, indicating strong investor interest that could drive the stock price higher.
- Price Target Increase: Truist raised its price target for Bank of New York Mellon from $148 to $160 while reiterating a Buy rating, reflecting optimism about the company's future performance amid rising interest rates and a strong equity market rally.
- Revenue Outlook Upgrade: During the Q1 2026 earnings call, CFO McDonogh stated that the company expects total revenue to grow approximately 6% year-over-year in 2026, showcasing its competitive position and growth potential in the financial sector.
- Net Interest Income Growth: McDonogh also updated the net interest income guidance, projecting a 10% year-over-year increase for 2026, which will further enhance the company's profitability and investment appeal.
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Analyst Views on TFC
Wall Street analysts forecast TFC stock price to rise
17 Analyst Rating
10 Buy
6 Hold
1 Sell
Moderate Buy
Current: 51.420
Low
50.00
Averages
55.93
High
64.00
Current: 51.420
Low
50.00
Averages
55.93
High
64.00
About TFC
Truist Financial Corporation is a financial services company. It offers a range of products and services through wholesale and consumer businesses, including consumer and small business banking, commercial and corporate banking, investment banking and capital markets, wealth management, payments, and specialized lending businesses. Its segments include Consumer and Small Business Banking (CSBB) and Wholesale Banking (WB). CSBB segment serves retail, premier, and small business clients, providing checking, money market, savings, time and other deposits, payment services, and lending solutions through digital banking, an extensive network of community banking branches, ATMs, virtual service centers, and other channels. WB segment provides a comprehensive set of products, solutions, and advisory services to commercial, corporate, institutional, and wealth clients. It also invests in certain affordable housing, new market tax credit, and renewable energy tax credit investments.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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