The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for certain activity generated through this link. Prices displayed are informational.

The Bank of New York Mellon Corporation (NYSE:BK) is included among the 15 Best Cheap Dividend Stocks to Buy.

On April 7, JPMorgan raised its price recommendation on The Bank of New York Mellon Corporation (NYSE:BK) to $130.50 from $128.50. It reiterated an Overweight rating on the shares. The firm said it expects trust banks to come in ahead of Q1 estimates.

On March 31, Morgan Stanley lowered its price target on BNY Mellon to $135 from $147 and kept an Equal Weight rating. The analyst noted that the median bank stock in its coverage has declined about 5% over the past 30 days. The move reflects concerns around the potential impact of the ongoing Middle East conflict on economic growth and inflation. It also pointed to market worries tied to private credit headlines. As a result, the firm reduced price targets across the group by about 9% on average. It applied lower valuation multiples to reflect a higher-risk environment.

The Bank of New York Mellon Corporation (NYSE:BK) is a global financial services company. It operates through Securities Services, Market and Wealth Services, and Investment and Wealth Management segments.

While we acknowledge the potential of BK as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 15 Blue Chip Stocks with Highest Dividends and 13 Bank Stocks with Highest Dividends

Disclosure: None. Follow Insider Monkey on Google News.