-- 獨立研究機構CFRA向提供了以下研究報告。 CFRA分析師的觀點總結如下：我們將目標價上調15美元至145美元，基於2026年預期收益，我們採用15.6倍的預期市盈率，高於過去三年15.4倍的歷史平均水平。鑑於我們預計未來總淨收入將實現低至中位數的成長，我們認為目前的估值合理。假設人工智慧帶來的效率提升將擴大利潤率，我們將2026年每股收益預期上調0.90美元至9.30美元，並將2027年每股收益預期上調0.40美元至9.65美元，高於目前市場普遍預期的8.41美元和9.46美元。作為領先的託管銀行，我們預計2026年股票市場走強將推高交易費、資產服務費和發行人服務費。交易量增加的好處之一是能夠提升營運利潤率，即使年比營收成長較為溫和。 2026年第一季度，BK向股東返還了14億美元資本，其中包括3.76億美元的股息和9.83億美元的股票回購。我們的財務展望支持股息成長和股票回購。股息成長的時機將根據聯準會6月的銀行壓力測試結果而定。
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