BNY Mellon downgraded to Sell from Neutral at Goldman Goldman sees downside to BNY Mellon estimates due to valuation, overexposure to fixed income, headwinds from accretion roll-off, and shrinkage in excess deposits, among other reasons. Price target is $22.
BNY Mellon expects up to $3.1B in 2015 stock repurchases The company expects to repurchase up to $3.1B of common stock in 2015 and maintain a "strong" dividend payout ratio. Company is targeting 3.5%-4.5% revenue growth from 2015 through 2017. Targeting 7%-9% EPS growth from 2015 through 2017. Information given in slide presentation during 2015 annual meeting.