Jefferies rates Bank of New York Mellon a "Hold," with a $25 price target, with Usdin estimating the firm will earn $2.02 a share for all of 2012, followed by earnings of $2.35 a share in 2013 and EPS of $2.65 in 2014. BNY has now returned 29% year-to-date, following a 33% decline in 2011. The shares trade for 2.2 times tangible book value, and for 10.5 times the consensus 2013 EPS estimate of $2.39. Based on a quarterly payout of 13 cents, the shares have a dividend yield of 2.07%.
Interested in more on Bank of New York Mellon? See TheStreet Ratings' report card for this stock.
Usdin also has a "Hold" rating on Northern Trust, with a $48 price target. The analyst estimates that the company's operating earnings for all of 2012 will total $2.92 a share, increasing to $3.40 in 2013 and $3.60 in 2014. Northern Trust's shares have now returned 25% year-to-date, following a 27% decline last year. The shares trade for 1.7 times tangible book value, and for 15 times the consensus 2013 EPS estimate of $3.34. Based on a quarterly payout of 30 cents, the shares have a dividend yield of 2.47%.
Interested in more on Northern Trust? See TheStreet Ratings' report card for this stock.
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