BUZZ-BNY falls as profitability target raise fails to impress
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Shares of BNYfell 1% to $119.40 in premarket trading despite the bank raising its profitability target and reporting a 26.5% increase in Q4 profit. Analysts from Evercore ISI noted that while the updated targets show progress, investors may find them already anticipated. For 2025, BNY reported record revenue and profit, with Q4 profit applicable to shareholders at $1.43 billion, or $2.02 per share, up from $1.13 billion, or $1.54 per share, a year earlier. The median price target from brokerages is $131.50, with 12 out of 18 rating the stock as "buy" or higher.
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