TD Cowen Reaffirms Buy Rating for Bank of New York Mellon (BK)

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On October 20, 2025, TD Cowen reiterated a Buy recommendation for Bank of New York Mellon (NYSE:BK). The average one-year price target is $108.75 per share, reflecting a modest 0.25% upside from the latest closing price of $108.48.

For the upcoming year, projected annual revenue for Bank of New York Mellon is $18.052 billion, down 8.52%, with an expected non-GAAP EPS of $6.26. Institutional ownership saw an increase of 5.03% in the last quarter, totaling 2,587 funds reporting positions in the bank.

The put/call ratio for BK is 0.87, indicating a bullish market sentiment. Key institutional shareholders include Dodge & Cox, which holds 37.619 million shares (5.39% ownership), and Vanguard, which has multiple funds with varying ownership percentages, showing decreases in portfolio allocations over the last quarter.

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