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bank of new york mellon receives multiple target price upgrades from analysts
Deutsche Bank raised its target price for Bank of New York Mellon to $98, maintaining a "buy" rating, while Wells Fargo increased its target to $96 with an "equal weight" rating. Analysts show a consensus of ten buy ratings and six holds, with an average price target of $89.71. The bank reported a quarterly EPS of $1.72, exceeding estimates, and declared a dividend of $0.47 per share, yielding 2.22%.
ing groep reports decline in short interest and dividend announcement
ING Groep operates through five segments, including Retail in the Netherlands, Belgium, and Germany, as well as Wholesale Banking. The company recently saw a 34.8% decrease in short interest, with analysts maintaining a Moderate Buy rating, although some have downgraded their outlook. Shares rose 2.4% to $20.26, while the firm reported a quarterly EPS of $0.39, missing estimates, and announced a semi-annual dividend yielding 6.4%.
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