BK Price Prediction Next Week
Technical Analysis
The technical indicators for Bank of New York Mellon (BK) suggest a bullish trend in the short term. The stock has formed a strong support level and shows positive momentum.
News Impact Recent news about BNY Mellon's multiyear partnership with OpenAI has created positive sentiment. The collaboration aims to enhance the bank's internal AI platform, Eliza, using advanced tools like Deep Research and reasoning models. This strategic move positions BNY Mellon at the forefront of AI integration in financial services.
Price Prediction for Next Trading Week (March 4-8, 2025) Based on technical analysis and positive news sentiment:
- Support level: $54.80
- Resistance level: $57.20
- Target price: $56.50
Trading Recommendation BUY at current market price with the following parameters:
- Entry: Current market price
- Target: $56.50 (+3.2% potential upside)
- Stop loss: $54.50
The stock shows strong momentum driven by the OpenAI partnership announcement and positive technical indicators. The AI integration is expected to enhance operational efficiency and drive innovation, potentially leading to increased investor interest in the coming week.
BK Similar Chart Price Prediction
The price of BK is predicted to go up 2.32%, based on the high correlation periods with TILE. The similarity of these two price pattern on the periods is 92.74%.
BK
TILE
Up: 2.32%Similarity: 92.74%
BK Revenue Forecast
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BK VS S&P500
Compared with peers State Street and Northern Trust, BNY Mellon is the most diversified with its seven lines of business. It is also less exposed to movements in equity markets.
In addition to custody, BNY Mellon has a strong market position in a variety of businesses such as ADR servicing and mutual fund subaccounting, and it is the only clearer of tri-party repos. Its Pershing business has seen solid growth.
In comparison with a traditional bank, only about 25% of BNY Mellon's revenue is from net interest income and credit risk is modest.
BK Analyst's Forecast
Brennan Hawken
UBS
Strong Buy
2025-01-21
Price Target
$88 → $94
Upside
+10.74%
UBS raised the firm's price target on BNY Mellon to $94 from $88 and keeps a Buy rating on the shares. The firm notes that while sentiment among fast money investors around BNY Mellon had softened, the bank's results reinforce its leading status, delivering a beat-and-raise quarter. Key business segments outperformed such as Pershing, CCM, and Treasury Services. The outlook improved across all key metrics relative to consensus, and the business achieved many of their medium-term targets, UBS adds.
Ebrahim Poonawala
B of A Securities
Strong Buy
2025-01-16
Price Target
$90 → $95
Upside
+15.55%
Jason Goldberg
Barclays
Buy
2025-01-16
Price Target
$102 → $104
Upside
+26.49%
