BK

Bank of New York Mellon Corporation

2026-01-17 12:57 AM

-2.13%

BNY Mellon Falls as Senator Probes $378M in Epstein-Related Transfers

Senator Ron Wyden requested information from BNY Mellon regarding $378 million in wire transfers processed for Jeffrey Epstein, including 'highly suspicious' $1 million payments, according to Bloomberg. This regulatory scrutiny overshadowed the company's strong Q4 earnings beat reported earlier in the week.

Analysis

This continues the decline that began yesterday on the same Epstein inquiry news, with BK underperforming its sector by over 2 percentage points despite positive analyst actions (Goldman Sachs raised PT to $143, Wells Fargo to $122). The reputational and potential regulatory risk from the Senate inquiry appears to be weighing on shares more than the solid fundamentals would suggest. For context, multiple analysts maintained Buy ratings following strong Q4 results with record revenue and raised margin targets.

Sources

Date: 2026-01-17

Price: $121.33

Type: Stock Specific

Confidence: high