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BNY Mellon's improved targets reflect growth potential, similar to past successes like JPMorgan's strategic shifts.
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BNY Mellon raises key performance targets, signaling confidence. Pre-tax margin target increased to 38%; return on equity to 28%. CEO Vince emphasizes clear turnaround and strong execution track record. Bank benefits from deregulatory efforts boosting overall confidence. Medium-term targets indicate potential for unlocking more value.
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