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The Bank of New York Mellon Corporation (BK) Q1 2026 Earnings Call Transcript

Posted by Defense World Staff on Apr 17th, 2026

Farther Finance Advisors LLC increased its holdings in BNY (NYSE:BK – Free Report) by 118.7% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 49,311 shares of the bank’s stock after purchasing an additional 26,766 shares during the period. Farther Finance Advisors LLC’s holdings in BNY were worth $5,724,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. Ameriprise Financial Inc. boosted its stake in shares of BNY by 18.0% in the 3rd quarter. Ameriprise Financial Inc. now owns 13,345,266 shares of the bank’s stock valued at $1,454,116,000 after purchasing an additional 2,034,781 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of BNY by 639.5% in the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 7,076,729 shares of the bank’s stock valued at $771,080,000 after purchasing an additional 6,119,749 shares in the last quarter. First Trust Advisors LP boosted its stake in shares of BNY by 1.5% in the 3rd quarter. First Trust Advisors LP now owns 4,483,889 shares of the bank’s stock valued at $488,564,000 after purchasing an additional 66,010 shares in the last quarter. AQR Capital Management LLC boosted its stake in shares of BNY by 29.1% in the 3rd quarter. AQR Capital Management LLC now owns 4,023,663 shares of the bank’s stock valued at $438,418,000 after purchasing an additional 906,218 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. boosted its stake in shares of BNY by 14.6% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 2,483,240 shares of the bank’s stock valued at $288,279,000 after purchasing an additional 317,188 shares in the last quarter. Hedge funds and other institutional investors own 85.31% of the company’s stock.

Wall Street Analyst Weigh In A number of brokerages have recently issued reports on BK. Royal Bank Of Canada upped their price objective on shares of BNY from $124.00 to $130.00 and gave the company a “sector perform” rating in a research note on Wednesday, January 14th. Wells Fargo & Company upped their price objective on shares of BNY from $119.00 to $122.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 14th. Keefe, Bruyette & Woods increased their price target on shares of BNY from $132.00 to $143.00 and gave the company an “outperform” rating in a research report on Wednesday, January 14th. TD Cowen increased their price target on shares of BNY from $133.00 to $145.00 and gave the company a “buy” rating in a research report on Wednesday, January 7th. Finally, New Street Research set a $143.00 price target on shares of BNY in a research report on Wednesday, January 14th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $132.50.

View Our Latest Stock Report on BNY

BNY News Summary Here are the key news stories impacting BNY this week:

Positive Sentiment: Q1 beat — BK reported EPS of $2.25 (vs. ~$1.91 consensus) and record revenue of $5.41B, showing broad-based strength in net interest income and fees; that outperformance drove investor optimism. Read More. Positive Sentiment: Raised revenue outlook — Management lifted 2026 revenue guidance to roughly $21.3B (about a 6% increase) and signaled ~10% growth in net interest income, supporting forward topline momentum. Read More. Positive Sentiment: Shareholder returns — The company announced substantial buyback capacity (reports cite a ~$10B program) and returned capital in the quarter, boosting EPS/valuation upside expectations. Read More. Positive Sentiment: Dividend declared — Board approved a $0.53 quarterly common dividend (payable May 8; ex-dividend Apr 27), adding predictable income for shareholders. Read More. Neutral Sentiment: Market reaction / technicals — Coverage notes BK hit 52-week / all-time highs as momentum and the beat fueled flows; this is a market response to the fundamentals above. Read More. Neutral Sentiment: Guidance nuance — Company published revenue guidance but the public update did not provide a clear FY26 EPS target in the release, leaving some forward EPS visibility limited. Read More. Negative Sentiment: Costs and capital metrics — Analysts flag rising expenses and slightly lower capital ratios that could temper margin expansion and limit upside to returns if costs persist. Read More. BNY Trading Up 2.1% Shares of BK opened at $134.69 on Friday. The stock has a market capitalization of $92.70 billion, a P/E ratio of 18.18, a PEG ratio of 1.06 and a beta of 1.06. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.81. The firm has a fifty day simple moving average of $120.08 and a two-hundred day simple moving average of $115.70. BNY has a twelve month low of $73.55 and a twelve month high of $135.80.

BNY (NYSE:BK – Get Free Report) last announced its quarterly earnings results on Thursday, April 16th. The bank reported $2.24 earnings per share for the quarter, beating the consensus estimate of $1.94 by $0.30. The business had revenue of $5.41 billion during the quarter, compared to analysts’ expectations of $5.14 billion. BNY had a net margin of 13.62% and a return on equity of 14.37%. The firm’s revenue for the quarter was up 12.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.58 EPS. On average, research analysts anticipate that BNY will post 6.96 EPS for the current year.

BNY Dividend Announcement The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 8th. Shareholders of record on Monday, April 27th will be issued a $0.53 dividend. The ex-dividend date is Monday, April 27th. This represents a $2.12 annualized dividend and a yield of 1.6%. BNY’s dividend payout ratio is 28.61%.

About BNY (Free Report)

BNY, formerly known as BNY Mellon, is a global financial services company headquartered in New York City. Formed in 2007 through the merger of the Bank of New York and Mellon Financial Corporation, BNY traces its roots back to 1784, making it one of the oldest banking institutions in the United States. It was also the first company listed on the New York Stock Exchange.

BNY operates at the center of the world’s capital markets, partnering with clients to help them operate more efficiently and accelerate growth.

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Posted by Defense World Staff on Apr 18th, 2026

Lbp Am Sa grew its holdings in BNY (NYSE:BK – Free Report) by 157.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 43,030 shares of the bank’s stock after purchasing an additional 26,343 shares during the period. Lbp Am Sa’s holdings in BNY were worth $4,995,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of BNY in the fourth quarter valued at $27,000. Marquette Asset Management LLC increased its position in BNY by 174.7% during the fourth quarter. Marquette Asset Management LLC now owns 261 shares of the bank’s stock worth $30,000 after buying an additional 166 shares during the last quarter. Valley Wealth Managers Inc. acquired a new position in BNY during the third quarter worth $33,000. Caldwell Trust Co acquired a new position in BNY during the second quarter worth $36,000. Finally, Westside Investment Management Inc. increased its position in BNY by 44.1% during the third quarter. Westside Investment Management Inc. now owns 415 shares of the bank’s stock worth $45,000 after buying an additional 127 shares during the last quarter. Hedge funds and other institutional investors own 85.31% of the company’s stock.

Analysts Set New Price Targets Several equities analysts have commented on BK shares. Royal Bank Of Canada increased their target price on shares of BNY from $130.00 to $142.00 and gave the stock a “sector perform” rating in a research report on Friday. New Street Research set a $143.00 price target on BNY in a research report on Wednesday, January 14th. Keefe, Bruyette & Woods raised their price target on BNY from $143.00 to $150.00 and gave the company an “outperform” rating in a research report on Friday. Weiss Ratings upgraded shares of BNY from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Wednesday, March 11th. Finally, TD Cowen increased their target price on shares of BNY from $133.00 to $145.00 and gave the company a “buy” rating in a research note on Wednesday, January 7th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, BNY currently has a consensus rating of “Moderate Buy” and a consensus target price of $137.35.

View Our Latest Stock Analysis on BK

BNY Stock Up 0.3% NYSE BK opened at $135.24 on Friday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.71 and a current ratio of 0.75. The firm has a 50-day simple moving average of $120.29 and a 200 day simple moving average of $115.88. BNY has a twelve month low of $73.55 and a twelve month high of $137.54. The stock has a market cap of $93.07 billion, a PE ratio of 16.76, a PEG ratio of 1.08 and a beta of 1.06.

BNY (NYSE:BK – Get Free Report) last released its earnings results on Thursday, April 16th. The bank reported $2.25 earnings per share for the quarter, beating the consensus estimate of $1.94 by $0.31. BNY had a net margin of 14.60% and a return on equity of 15.29%. The business had revenue of $5.41 billion during the quarter, compared to analysts’ expectations of $5.14 billion. During the same quarter last year, the company earned $1.58 earnings per share. The firm’s revenue was up 12.9% on a year-over-year basis. On average, research analysts forecast that BNY will post 6.96 EPS for the current year.

BNY Dividend Announcement The business also recently announced a quarterly dividend, which will be paid on Friday, May 8th. Investors of record on Monday, April 27th will be paid a $0.53 dividend. This represents a $2.12 annualized dividend and a dividend yield of 1.6%. The ex-dividend date is Monday, April 27th. BNY’s dividend payout ratio (DPR) is presently 28.61%.

Key Headlines Impacting BNY Here are the key news stories impacting BNY this week:

Positive Sentiment: Q1 beat — BNY reported record Q1 revenue (~$5.4B) and stronger EPS (about $2.24–$2.25, ~42% y/y), driven by net interest income and fee growth; the results and margin expansion are the primary catalyst for the rally. BNY Reports First Quarter 2026 Results Positive Sentiment: Raised outlook — Management nudged 2026 revenue guidance higher (around $21.3B) and expects roughly ~10% growth in net interest income, suggesting continued top‑line momentum. BNY raises 2026 revenue outlook Positive Sentiment: Shareholder returns — Company announced a $0.53 quarterly common dividend and has communicated large buyback capacity (reports mention a multi‑billion share repurchase program), which supports EPS and investor returns. BNY Declares Dividends Share buybacks announced Positive Sentiment: Analyst upgrades — Several analysts raised price targets (examples: Truist and Keefe, Bruyette & Woods lifted targets into the $148–$150 range and reiterated buy/outperform views), adding fresh buy pressure. Analysts increase forecasts Neutral Sentiment: Investor materials & call — Earnings presentation and call transcripts are available for deeper vetting of growth drivers, margins and capital plans; useful for modeling but not new news. Earnings presentation Earnings call transcript Negative Sentiment: Cost and capital notes — Analysts and coverage pieces flag rising expenses and some pressure on capital ratios; these could temper margin improvements and limit near‑term upside if costs persist. Cost woes remain BNY Profile (Free Report)

BNY, formerly known as BNY Mellon, is a global financial services company headquartered in New York City. Formed in 2007 through the merger of the Bank of New York and Mellon Financial Corporation, BNY traces its roots back to 1784, making it one of the oldest banking institutions in the United States. It was also the first company listed on the New York Stock Exchange.

BNY operates at the center of the world’s capital markets, partnering with clients to help them operate more efficiently and accelerate growth.

Read More Five stocks we like better than BNY Want to see what other hedge funds are holding BK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BNY (NYSE:BK – Free Report).

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CPC Advisors LLC grew its stake in shares of BNY (NYSE:BK – Free Report) by 320.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 75,346 shares of the bank’s stock after acquiring an additional 57,429 shares during the period. BNY accounts for approximately 0.9% of CPC Advisors LLC’s portfolio, making the stock its 29th largest holding. CPC Advisors LLC’s holdings in BNY were worth $8,747,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in BK. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of BNY by 639.5% during the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 7,076,729 shares of the bank’s stock worth $771,080,000 after acquiring an additional 6,119,749 shares in the last quarter. Ameriprise Financial Inc. lifted its position in shares of BNY by 18.0% during the third quarter. Ameriprise Financial Inc. now owns 13,345,266 shares of the bank’s stock worth $1,454,116,000 after acquiring an additional 2,034,781 shares in the last quarter. AQR Capital Management LLC raised its position in shares of BNY by 29.1% in the third quarter. AQR Capital Management LLC now owns 4,023,663 shares of the bank’s stock worth $438,418,000 after buying an additional 906,218 shares in the last quarter. Danske Bank A S purchased a new stake in shares of BNY in the third quarter worth $65,973,000. Finally, Robeco Institutional Asset Management B.V. raised its position in shares of BNY by 36.4% in the third quarter. Robeco Institutional Asset Management B.V. now owns 2,166,052 shares of the bank’s stock worth $236,013,000 after buying an additional 577,621 shares in the last quarter. Hedge funds and other institutional investors own 85.31% of the company’s stock.

More BNY News Here are the key news stories impacting BNY this week:

Positive Sentiment: Analysts raised price targets on BK (two reported raises to $150 and $148), signaling improved forward expectations that can support further upside. BNY Price Target Raised to $150.00 BNY Price Target Raised to $148.00 Positive Sentiment: Coverage highlighting BK’s Q1 beat, AI-related business gains and a $10B buyback supports investor optimism on earnings growth and capital return. Assessing Bank of New York Mellon Corporation (BK) Valuation After Q1 Beat AI Gains And $10b Buyback Negative Sentiment: Multiple insiders sold shares on April 17 (EVP Alejandro Perez 12,504 shares; EVP J. Kevin McCarthy 30,000 shares; Kurtis R. Kurimsky 5,290 shares; VP Shannon Hobbs 297 shares). The size and concentration of these disposals (some large % ownership drops) may be read as a negative signal by the market. Regulatory filing links: Alejandro Perez SEC Filing J. Kevin McCarthy SEC Filing Kurtis Kurimsky SEC Filing Shannon Hobbs SEC Filing Negative Sentiment: Unusual options flow: traders bought 15,757 put contracts (a 663% jump vs. typical daily put volume). This spike in bearish/options-hedging activity increases near-term downside risk or signals growing hedging interest. (Options volume reported April 21) Insider Transactions at BNY In other BNY news, EVP Alejandro Perez sold 12,504 shares of the firm’s stock in a transaction dated Friday, April 17th. The stock was sold at an average price of $137.01, for a total transaction of $1,713,173.04. Following the sale, the executive vice president owned 62,613 shares in the company, valued at $8,578,607.13. This trade represents a 16.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP J Kevin Mccarthy sold 30,000 shares of the firm’s stock in a transaction dated Friday, April 17th. The shares were sold at an average price of $136.50, for a total value of $4,095,000.00. Following the sale, the executive vice president owned 50,238 shares in the company, valued at $6,857,487. The trade was a 37.39% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 48,091 shares of company stock worth $6,568,423. Company insiders own 0.17% of the company’s stock.

BNY Trading Up 1.9% Shares of BK stock opened at $137.97 on Wednesday. The business’s fifty day moving average is $120.68 and its 200 day moving average is $116.41. BNY has a 52-week low of $75.35 and a 52-week high of $139.15. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.71 and a current ratio of 0.75. The company has a market capitalization of $94.96 billion, a PE ratio of 17.10, a price-to-earnings-growth ratio of 1.00 and a beta of 1.06.

BNY (NYSE:BK – Get Free Report) last released its quarterly earnings results on Thursday, April 16th. The bank reported $2.25 earnings per share for the quarter, beating analysts’ consensus estimates of $1.94 by $0.31. BNY had a return on equity of 15.29% and a net margin of 14.60%.The business had revenue of $5.41 billion for the quarter, compared to the consensus estimate of $5.14 billion. During the same quarter last year, the business posted $1.58 earnings per share. The company’s revenue for the quarter was up 12.9% on a year-over-year basis. On average, equities research analysts anticipate that BNY will post 8.52 EPS for the current fiscal year.

BNY Announces Dividend The company also recently declared a quarterly dividend, which will be paid on Friday, May 8th. Shareholders of record on Monday, April 27th will be given a dividend of $0.53 per share. The ex-dividend date is Monday, April 27th. This represents a $2.12 dividend on an annualized basis and a yield of 1.5%. BNY’s dividend payout ratio (DPR) is presently 26.27%.

Analyst Upgrades and Downgrades BK has been the topic of a number of recent analyst reports. Citigroup initiated coverage on BNY in a research report on Monday, February 23rd. They issued a “neutral” rating on the stock. Keefe, Bruyette & Woods increased their price objective on BNY from $143.00 to $150.00 and gave the stock an “outperform” rating in a research report on Friday, April 17th. Royal Bank Of Canada increased their price objective on BNY from $130.00 to $142.00 and gave the stock a “sector perform” rating in a research report on Friday. Wells Fargo & Company increased their price objective on BNY from $119.00 to $122.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 14th. Finally, Morgan Stanley increased their price objective on BNY from $135.00 to $139.00 and gave the stock an “equal weight” rating in a research report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $137.35.

View Our Latest Report on BK

BNY Company Profile (Free Report)

BNY, formerly known as BNY Mellon, is a global financial services company headquartered in New York City. Formed in 2007 through the merger of the Bank of New York and Mellon Financial Corporation, BNY traces its roots back to 1784, making it one of the oldest banking institutions in the United States. It was also the first company listed on the New York Stock Exchange.

BNY operates at the center of the world’s capital markets, partnering with clients to help them operate more efficiently and accelerate growth.

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Posted by Defense World Staff on Apr 29th, 2026

Comerica Bank lowered its stake in shares of BNY (NYSE:BK – Free Report) by 14.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 128,085 shares of the bank’s stock after selling 21,757 shares during the quarter. Comerica Bank’s holdings in BNY were worth $14,869,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. bought a new position in BNY during the fourth quarter worth $27,000. Marquette Asset Management LLC increased its position in BNY by 174.7% during the fourth quarter. Marquette Asset Management LLC now owns 261 shares of the bank’s stock worth $30,000 after acquiring an additional 166 shares during the period. Valley Wealth Managers Inc. bought a new position in BNY during the third quarter worth $33,000. Westside Investment Management Inc. increased its position in BNY by 44.1% during the third quarter. Westside Investment Management Inc. now owns 415 shares of the bank’s stock worth $45,000 after acquiring an additional 127 shares during the period. Finally, Dunhill Financial LLC increased its holdings in BNY by 130.8% in the 3rd quarter. Dunhill Financial LLC now owns 427 shares of the bank’s stock valued at $47,000 after buying an additional 242 shares during the period. Institutional investors own 85.31% of the company’s stock.

BNY Stock Down 0.6% BK opened at $133.63 on Wednesday. The firm’s 50-day simple moving average is $122.33 and its 200-day simple moving average is $117.42. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.71 and a current ratio of 0.75. BNY has a twelve month low of $77.77 and a twelve month high of $139.15. The firm has a market cap of $91.97 billion, a price-to-earnings ratio of 16.56, a PEG ratio of 0.98 and a beta of 1.06.

BNY (NYSE:BK – Get Free Report) last posted its earnings results on Thursday, April 16th. The bank reported $2.25 earnings per share for the quarter, topping the consensus estimate of $1.94 by $0.31. BNY had a net margin of 14.60% and a return on equity of 15.29%. The business had revenue of $5.41 billion for the quarter, compared to analyst estimates of $5.14 billion. During the same quarter in the prior year, the firm earned $1.58 EPS. The firm’s quarterly revenue was up 12.9% compared to the same quarter last year. Equities research analysts anticipate that BNY will post 8.76 EPS for the current fiscal year.

BNY Dividend Announcement The company also recently announced a quarterly dividend, which will be paid on Friday, May 8th. Stockholders of record on Monday, April 27th will be issued a $0.53 dividend. The ex-dividend date of this dividend is Monday, April 27th. This represents a $2.12 annualized dividend and a dividend yield of 1.6%. BNY’s dividend payout ratio is presently 26.27%.

Insider Activity In other news, EVP J Kevin Mccarthy sold 30,000 shares of the company’s stock in a transaction dated Friday, April 17th. The shares were sold at an average price of $136.50, for a total value of $4,095,000.00. Following the sale, the executive vice president owned 50,238 shares of the company’s stock, valued at approximately $6,857,487. This represents a 37.39% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Shannon Marie Hobbs sold 297 shares of the company’s stock in a transaction dated Friday, April 17th. The stock was sold at an average price of $137.05, for a total transaction of $40,703.85. Following the completion of the sale, the vice president directly owned 15,206 shares in the company, valued at approximately $2,083,982.30. The trade was a 1.92% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 48,091 shares of company stock worth $6,568,423 in the last quarter. 0.17% of the stock is owned by company insiders.

Analyst Ratings Changes Several equities research analysts have issued reports on BK shares. JPMorgan Chase & Co. boosted their price target on shares of BNY from $128.50 to $130.50 and gave the company an “overweight” rating in a report on Tuesday, April 7th. Truist Financial boosted their price target on shares of BNY from $140.00 to $148.00 and gave the company a “buy” rating in a report on Friday, April 17th. Wells Fargo & Company boosted their price target on shares of BNY from $119.00 to $122.00 and gave the company an “equal weight” rating in a report on Wednesday, January 14th. Citigroup started coverage on shares of BNY in a report on Monday, February 23rd. They issued a “neutral” rating on the stock. Finally, Evercore set a $136.00 price target on shares of BNY in a report on Friday, April 17th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $137.35.

View Our Latest Analysis on BK

BNY Profile (Free Report)

BNY, formerly known as BNY Mellon, is a global financial services company headquartered in New York City. Formed in 2007 through the merger of the Bank of New York and Mellon Financial Corporation, BNY traces its roots back to 1784, making it one of the oldest banking institutions in the United States. It was also the first company listed on the New York Stock Exchange.

BNY operates at the center of the world’s capital markets, partnering with clients to help them operate more efficiently and accelerate growth.

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, /PRNewswire/ -- BNY, a global financial services company, today announced that it will change the ticker symbol for the common stock of The Bank of New York Mellon Corporation from "BK" to "BNY".

The company expects its common stock to begin trading under the new ticker symbol, BNY, on the New York Stock Exchange ("NYSE") effective May 21, 2026.

Founded in 1784 by Alexander Hamilton, BNY has been at the center of financial markets innovation for more than two centuries and in 1792, it was the first company traded on what would become the New York Stock Exchange. Today, BNY is supporting the next era of financial markets and accelerating its strategy to unlock growth. The BNY ticker symbol aligns the company's market identity more closely with its brand, strategic direction, and ambition. The company will celebrate the change by ringing the Closing Bell at the NYSE on May 21, 2026.

"BNY has long stood for trust, resilience and our central role in global capital markets. As we continue reimagining ourselves as a financial services platforms company for the future, changing our ticker to BNY reflects who we are today and where we're headed," said Robin Vince, CEO of BNY. "We're proud of our history, focused on the future, and always committed to delivering for our clients and helping them navigate what's next."

As part of this change, the ticker symbol representing interests in BNY's Series A Preferred Stock will change from "BK/P" to "BNY/P", and the ticker symbol representing interests in its Series K Preferred Stock will change from "BK PRK" to "BNY PRK".

No action is required by current securityholders with respect to the ticker symbol changes. Outstanding stock certificates, if any, will remain valid and will not need to be exchanged solely as a result of this change. Shares held in book-entry form or through a bank, broker, or other nominee will automatically reflect the new ticker symbol.

BNY's common stock will continue to be listed on the NYSE, as will BNY's other listed securities identified above. The change in ticker symbols will not affect the company's legal name, capital structure, CUSIPs or the rights of securityholders.

About BNY
BNY is a global financial services platforms company at the heart of the world's capital markets. For more than 240 years BNY has partnered alongside clients, using its expertise and platforms to help them operate more efficiently and accelerate growth. Today BNY serves over 90% of Fortune 100 companies and nearly all the top 100 banks globally. BNY supports governments in funding local projects and works with over 90% of the top 100 pension plans to safeguard investments for millions of individuals. As of March 31, 2026, BNY oversees $59.4 trillion in assets under custody and/or administration and $2.1 trillion in assets under management.

BNY is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Headquartered in New York City, BNY has been named among Fortune's World's Most Admired Companies and Fast Company's Best Workplaces for Innovators. Additional information is available on www.bny.com. Follow on LinkedIn or visit the BNY Newsroom for the latest company news.

Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements, which may be expressed in a variety of ways, including the use of future or present tense language, relate to, among other things, BNY's strategic priorities and direction. These statements are based upon current beliefs and expectations and are subject to significant risks and uncertainties (some of which are beyond BNY's control). Actual outcomes may differ materially from those expressed or implied as a result of risks and uncertainties, including, but not limited to, the factors identified above and the risk factors and other uncertainties set forth in BNY's Annual Report on Form 10-K for the year ended December 31, 2025 and BNY's other filings with the SEC. All statements in this press release speak only as of the date on which such statements are made, and BNY undertakes no obligation to update any statement to reflect events or circumstances after the date on which such forward-looking statement is made or to reflect the occurrence of unanticipated events.

Investors
Marius Merz
+1 212 298 1480
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Media
Anneliese Diedrichs
+1 646 468 6026
[email protected]

SOURCE BNY

BNY Mellon Investment Adviser, Inc. announced today that BNY Mellon Strategic Municipal Bond Fund, Inc. and BNY Mellon Strategic Municipals, Inc. (each, a "Fund") have declared a monthly distribution for each Fund's common shares as summarized below. The distributions are payable June 30, 2026 to shareholders of record on June 11, 2026, with an ex-dividend date of June 11, 2026. The increase shown below to the Fund's distribution is primarily due to higher yields earned on the Fund's investments.

Fund

Ticker

Monthly
Distribution
Per Share

Change from
Prior Monthly
Distribution
Per Share

BNY Mellon Strategic Municipal Bond Fund, Inc.

DSM

$0.030

$0.004

BNY Mellon Strategic Municipals, Inc.

LEO

$0.030

$0.004

Important Information

BNY Mellon Investment Adviser, Inc., the investment adviser for each Fund, is part of BNY Investments. BNY Investments is one of the world’s largest asset managers, with $2.1 trillion in assets under management as of March 31, 2026. Through a client-first approach, BNY Investments brings investors specialist expertise through its seven investment firms offering solutions across every major asset class and backed by the breadth and scale of BNY. Additional information on BNY Investments is available on www.bny.com/investments. Follow us on LinkedIn for the latest company news and activity.

BNY Investments is a division of BNY, which has $59.4 trillion in assets under custody and/or administration as of March 31, 2026. Established in 1784, BNY is America's oldest bank. Today, BNY powers capital markets around the world through comprehensive solutions that help clients manage and service their financial assets throughout the investment life cycle. BNY is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Additional information is available on www.bny.com. Follow us on LinkedIn or visit our newsroom for the latest company news.

Closed-end funds are traded on the secondary market through one of the stock exchanges. Each Fund's investment returns and principal values will fluctuate so that an investor’s shares may be worth more or less than the original cost. Shares of closed-end funds may trade above (a premium) or below (a discount) the net asset value of each fund’s portfolio. There is no assurance that each Fund will achieve its investment objective.

This release is for informational purposes only and should not be considered as investment advice or a recommendation of any particular security.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260527299291/en/

BNY CEO Robin Vince talks about the history of their business, how they use artificial intelligence, and how the technology is impacting jobs. He speaks on Bloomberg Surveillance.

AUSTIN, Texas, April 20, 2026 (GLOBE NEWSWIRE) -- Commerce (Nasdaq: CMRC), an open, intelligent ecosystem of technology solutions and the parent company of leading ecommerce platform BigCommerce, today announced that Mountain Warehouse, a global outdoor clothing and equipment retailer, has launched a new composable ecommerce store powered by BigCommerce.

The new website replaces a decade-old custom-built system, enabling Mountain Warehouse to scale more efficiently, reduce operational complexity and accelerate innovation across its global ecommerce operations.

Founded in 1997, Mountain Warehouse operates more than 400 stores worldwide and serves over 5 million customers across key markets including the UK, U.S., Canada, Europe, Australia and New Zealand. The company designs and produces the majority of its products in-house, offering affordable outdoor apparel and equipment for the whole family.

“Moving away from our legacy platform was critical to unlocking the next phase of Mountain Warehouse’s growth,” said Simon Neale, Chief Technology Officer at Mountain Warehouse. “With BigCommerce, we now have the flexibility to innovate faster, integrate best-of-breed technologies and focus our engineering efforts on delivering better customer experiences rather than maintaining core infrastructure.”

From Legacy Constraints to Composable Flexibility

Mountain Warehouse’s previous ecommerce platform had become increasingly difficult to scale, with significant development resources required to maintain and support aging infrastructure. The business also faced limitations around speed to market, security and the ability to experiment with modern technologies.

By adopting a composable, headless architecture built on BigCommerce, Mountain Warehouse can now:

Accelerate time-to-market for new features and initiativesReduce reliance on maintaining custom core systemsImprove platform security, reliability and complianceEnable flexible integration with third-party and in-house solutions Modern Tech Stack Enables Best-of-Breed Approach

Mountain Warehouse’s new ecommerce experience is powered by a composable technology stack, including BigCommerce as the core commerce engine alongside:

BigCommerce’s Catalyst frontend deployed on VercelContentful for content managementAlgolia for search and personalizationStripe, PayPal, Apple Pay and Google Pay for paymentsDotdigital for marketing automation This architecture enables Mountain Warehouse to adopt a best-of-breed approach while integrating custom middleware to manage inventory, pricing, customer data and shipping.

Built to Support Complex Global Operations

The implementation included several advanced capabilities tailored to Mountain Warehouse’s business model, including:

Custom checkout experience supporting gift cards and multiple payment methodsMulti-location inventory management and click-and-collect functionalityComplex order handling, including split shipments and marketplace workflowsAddress lookup and validation integrationsSupport for bundled products and digital gift cards “Mountain Warehouse’s launch demonstrates how enterprise retailers can move beyond the limitations of legacy systems,” said Andrew Norman, senior vice president and general manager of international. “With a composable foundation, they’re able to innovate faster, scale globally and deliver more seamless customer experiences.”

With its new platform in place, Mountain Warehouse is now positioned to continuously evolve its ecommerce experience, test new capabilities and scale efficiently as demand grows.

The composable approach also enables internal teams to focus on building differentiated features while leveraging third-party solutions for core commerce functionality.

Learn more about BigCommerce’s Catalyst storefront technology here: https://www.bigcommerce.com/product/catalyst/

About Commerce
Commerce (Nasdaq: CMRC) empowers businesses to innovate, grow, and thrive by providing an open, AI-driven commerce ecosystem. As the parent company of BigCommerce, Feedonomics, and Makeswift, Commerce connects the tools and systems that power growth, enabling businesses to unlock the full potential of their data, deliver seamless and personalized experiences across every channel, and adapt swiftly to an ever-changing market. Trusted by leading businesses like Coldwater Creek, Cole Haan, Dell, Harvey Nichols, King Arthur Baking Co., Mizuno, Pacsun, Perry Ellis, Skechers, SportsShoes and Uplift Desk, Commerce delivers the storefront control, optimized data, and AI-ready tools businesses need to grow, serve diverse buyers, and operate with confidence in an increasingly intelligent, multi-surface world. For more information, visit commerce.com or follow us on X and LinkedIn.

About Mountain Warehouse

Mountain Warehouse is the UK’s largest outdoor retailer, with over 420 stores globally. Founded in 1997 by Mark Neale, the retailer now serves over 5 million outdoor-loving customers each year.

The retailer caters to a wide range of outdoor activities, including hiking, walking, running, cycling, camping, and skiing, and offers a broad selection of clothing and equipment for the whole family. Mountain Warehouse is committed to providing its growing customer base with exceptional value and high-quality products, ensuring everyone stays warm and dry in any weather.

BigCommerce®, the Commerce logo, and other brands are the trademarks or registered trademarks of BigCommerce Pty. Ltd. Third-party trademarks and service marks are the property of their respective owner.

Media Contact:
Brad Hem
[email protected]

By PYMNTS  |  April 29, 2026

 | 

BigCommerce is integrating PayPal’s Store Sync offering into its app marketplace and channel manager.

The new integration, announced Wednesday (April 29), is designed to let BigCommerce merchants connect their product catalogs, inventory and order management to “AI surfaces.”

“AI is fundamentally changing how people discover and buy products. Merchants need to meet shoppers in those moments and make it easy to move from discovery to purchase or risk being left out of the journey,” said Sharon Gee, senior vice president of product for AI at Commerce, Big Commerce’s parent company.

“With PayPal Store Sync, merchants can instantly connect their catalog to AI-powered shopping experiences and the PayPal consumer network, ensuring they’re not just present, but positioned to convert in the environments where commerce is evolving.”

PayPal Store Sync is a catalog and order management solution that is designed to link merchant storefronts with emerging artificial intelligence (AI) shopping channels.

An integration enabled by PayPal makes product data like pricing, images, descriptions, reviews and inventory instantly accessible to AI platforms, “where consumers increasingly begin their shopping journeys,” Commerce added in a news release.

Advertisement: Scroll to Continue

The release adds that the integration makes Commerce merchants “discoverable and purchasable” on an expanding network of AI-powered shopping surfaces, such as Microsoft Copilot, Meta and Perplexity.

As PYMNTS CEO Karen Webster wrote in a column earlier this year, the behavioral shift Commerce describes — with consumers beginning their shopping journeys via AI platforms — has gone mainstream.

Research by PYMNTS Intelligence earlier this year found that 41% of consumers have already used dedicated AI platforms to discover new products.

“More striking is that a third say they have fully replaced their prior methods. They are not layering AI on top of old habits,” the column said.

The experience fueling this shift is “genuinely different from traditional search,” Webster added. Rather than through pages of links and sponsored listings, consumers get a structured answer that details the trade-offs between rival products.

That answer can be refined through conversation until it aligns with the actual buying decision, something keyword searches could never provide with any level of precision.

“But then the consumer leaves the conversation and goes somewhere else to complete the purchase,” Webster wrote.

“The question that matters now is not whether agentic commerce will eventually close that gap. It is who becomes a casualty on the agentic highway, and who benefits. And how.”

See More In: AI, B2B, B2B Payments, Bigcommerce, Commerce, ecommerce, News, PayPal, PYMNTS News, Retail, What's Hot, What's Hot In B2B

Item 1 of 2 A vial labelled "CureVac COVID-19 Vaccine" is seen in this illustration taken January 16, 2022. REUTERS/Dado Ruvic/Illustration

[1/2]A vial labelled "CureVac COVID-19 Vaccine" is seen in this illustration taken January 16, 2022. REUTERS/Dado Ruvic/Illustration Purchase Licensing Rights, opens new tab

CompaniesApril 24 (Reuters) - German biotech company CureVac sued Moderna (MRNA.O), opens new tab in Delaware federal court on Friday, alleging ​that Moderna's COVID-19 vaccine Spikevax infringed CureVac ‌patents related to messenger RNA (mRNA) technology.

CureVac said in the lawsuit, opens new tab that Moderna copied its technology for stabilizing fragile mRNA to ​use in vaccines and requested royalties from ​Moderna's Spikevax sales in damages.

Jumpstart your morning with the latest legal news delivered straight to your inbox from The Daily Docket newsletter. Sign up here.

Germany-based BioNTech (22UAy.DE), opens new tab -- which partnered ⁠with Pfizer (PFE.N), opens new tab to create the competing COVID-19 vaccine ​Comirnaty -- acquired CureVac last year. BioNTech filed a separate ​U.S. patent lawsuit against Moderna over its next-generation mNEXSPIKE COVID-19 shot in February.

Moderna said in a statement that it was aware ​of the lawsuit filed on Friday and will ​defend itself. Spokespeople for CureVac and BioNTech did not immediately ‌respond ⁠to requests for comment on the lawsuit.

The case is part of a wave of high-stakes patent lawsuits from biotech companies seeking royalties for the technology used ​in blockbuster ​COVID-19 vaccines. ⁠Moderna sued Pfizer and BioNTech for patent infringement over Comirnaty in 2022, in a ​lawsuit that is ongoing.

Companies including GlaxoSmithKline, Bayer and Alnylam Pharmaceuticals ​have ⁠also filed patent lawsuits seeking shares of the companies' tens of billions of dollars of revenue from ⁠COVID-19 ​vaccine sales.

CureVac's Friday lawsuit accused ​Moderna of infringing eight of its U.S. patents.

Reporting by Blake Brittain ​in Washington, Editing by Alexia Garamfalvi and Edward Tobin

Our Standards: The Thomson Reuters Trust Principles., opens new tab

Blake Brittain reports on intellectual property law, including patents, trademarks, copyrights and trade secrets, for Reuters Legal. He has previously written for Bloomberg Law and Thomson Reuters Practical Law and practiced as an attorney.

Affordable Renters Insurance in New Hampshire: Lemonade Launches Fast, Digital Coverage Starting at $5/Month May 08, 2026 10:00 ET  | Source: Lemonade, Inc

New York City, NY, May 08, 2026 (GLOBE NEWSWIRE) -- Lemonade (NYSE: LMND), the tech-first insurance company, has announced the launch of its renters insurance product in New Hampshire. This expansion brings Lemonade’s digital, customizable coverage to renters across the state, further strengthening the company’s presence in the United States.

Lemonade Renters is designed to cover the belongings renters cherish while delivering a superior customer experience. Policies start from $5 per month and are built to be flexible, allowing customers to select coverage amounts and deductibles that fit their lifestyle and budget. Based on the latest industry and Lemonade data, across the U.S., Lemonade Renters is 30 percent more affordable than the typical renters policy.

New Hampshire renters can get a quote, purchase a policy, make changes, and file a claim directly through the Lemonade app. The company’s seamless digital experience enables customers to receive a quote in minutes and manage their coverage on their own terms. Approximately 40 percent of claims are handled instantly, helping customers recover quickly after covered events.

"New Hampshire represents an important step in our continued U.S. growth," said a spokesperson for Lemonade. "Renters deserve insurance that is fast, easy to understand, and designed around their needs. We are proud to bring our digital-first experience to customers across the state."

Lemonade’s renters insurance includes coverage for personal property against theft and certain types of damage, personal liability coverage for accidental injury or property damage, medical payments to others, and loss of use coverage if a home becomes unlivable due to a covered loss. Coverage limits and deductibles may vary by state.

Customers may also access savings by bundling policies, installing protective devices, or choosing to pay annually instead of monthly. Lemonade partners with more than 3 million active customers and has earned recognition from organizations including Forbes, CNBC, and U.S. News and World Report for its renters insurance offering.

With the addition of New Hampshire, Lemonade continues to expand its availability, reaching the majority of the U.S. population.

For more information or to get a quote, visit www.lemonade.com.

Frequently Asked Questions about Renters Insurance in New Hampshire

What is the best renters insurance in New Hampshire?
The best renters insurance in New Hampshire combines affordability, strong coverage options, and an easy claims experience. Many renters look for digital-first providers that simplify the process from quote to claim. Top options like Lemonade offer customizable policies and fast, app-based service that stands out in the market.

How much does renters insurance cost in New Hampshire?
Renters insurance in New Hampshire is typically very affordable, with many policies starting around $10–$20 per month depending on coverage levels and location. Leading providers like Lemonade offer policies starting as low as $5 per month, making coverage accessible for most renters. Pricing varies based on factors like deductible, coverage limits, and add-ons.

What does renters insurance cover in New Hampshire?
Renters insurance generally covers personal belongings against theft and certain types of damage, as well as liability protection and additional living expenses if your home becomes uninhabitable. Coverage details can vary by provider and policy. Companies like Lemonade include flexible coverage options that allow renters to tailor protection to their needs.

Is renters insurance required in New Hampshire?
Renters insurance is not required by law in New Hampshire, but many landlords require tenants to carry a policy as part of the lease agreement. Even when it’s optional, it provides valuable protection against unexpected events like theft, fire, or liability claims. Providers like Lemonade make it easy to get covered quickly, often in just a few minutes.

How do I get renters insurance in New Hampshire?
Getting renters insurance in New Hampshire is simple and can often be completed entirely online or through a mobile app. Renters can compare coverage options, choose deductibles, and purchase a policy within minutes. Digital insurers like Lemonade allow customers to manage everything—from quotes to claims—without paperwork or agent visits.

About Lemonade

Lemonade's mission is to become the most loved insurance company in the world. As a customer-centric tech company, we created an insurance experience across Renters, Home, Pet, Car, and Life that is smart, instant, and delightful. Our team of 1,200+ Lemonade Makers make it possible for over 3M customers throughout the US, UK and Europe to get coverage instantly, with nearly half of claims paid in a matter of seconds. Powered by AI and social impact, Lemonade is a purpose-built, technology-first insurance carrier. A Certified B-Corp, our commitment to social impact is embedded in every aspect of the company, and our Giveback program, which donates a percentage of leftover premiums to nonprofits selected by our community, has donated over $10M to organizations in need.

Press Inquiries

Lemonade Comms
paul.staats [at] lemonade.com

Tech-First Insurance Company Expands Its Digital Coverage to Delaware Renters May 11, 2026 10:00 ET  | Source: Lemonade, Inc

New York City, NY, May 11, 2026 (GLOBE NEWSWIRE) -- Lemonade (NYSE: LMND), the tech-first insurance company, has announced the launch of its award-winning renters insurance product in Delaware. This expansion brings Lemonade’s innovative, digital coverage to renters across the state, further solidifying the company’s presence in the United States.

Lemonade Renters is crafted to protect the belongings renters value most while offering an unparalleled customer experience. Policies are available from $5 per month and designed with flexibility in mind, allowing customers to choose coverage amounts and deductibles that align with their lifestyle and budget. According to industry and Lemonade data, Lemonade Renters is approximately 30 percent more affordable than the average renters policy nationwide.

Delaware renters can easily obtain a quote, purchase a policy, make adjustments, and file claims directly through the Lemonade app. The company’s seamless digital platform enables customers to receive a quote in minutes and manage their coverage independently. Nearly half of claims are processed instantly, ensuring swift recovery for customers after covered incidents.

"Delaware marks a significant milestone in our ongoing U.S. expansion," stated a Lemonade spokesperson. "Renters deserve insurance that is not only fast and easy to understand but also tailored to their needs. We are thrilled to introduce our digital-first experience to customers throughout the state."

Customers can also benefit from savings by bundling policies, installing protective devices, or opting for annual payments instead of monthly ones. Lemonade partners with over 3 million active customers and has received accolades from organizations such as Forbes, CNBC, and U.S. News and World Report for its renters insurance offerings.

With the inclusion of Delaware, Lemonade continues to broaden its reach, now serving a substantial portion of the U.S. population.

Frequently Asked Questions about Renters Insurance in Delaware

What is the best renters insurance in Delaware?
The best renters insurance in Delaware combines affordability, comprehensive coverage options, and a straightforward claims process. Many renters prefer digital-first providers that simplify the entire process from quote to claim. Leading options like Lemonade offer customizable policies and fast, app-based service that stands out in the market.

How much does renters insurance cost in Delaware?
Renters insurance in Delaware is generally very affordable, with many policies starting around $10–$20 per month depending on coverage levels and location. Top providers like Lemonade offer policies starting as low as $5 per month, making coverage accessible for most renters. Pricing varies based on factors like deductible, coverage limits, and add-ons.

What does renters insurance cover in Delaware?
Renters insurance typically covers personal belongings against theft and certain types of damage, as well as liability protection and additional living expenses if your home becomes uninhabitable. Coverage details can vary by provider and policy. Companies like Lemonade include flexible coverage options that allow renters to tailor protection to their needs.

Is renters insurance required in Delaware?
Renters insurance is not mandated by law in Delaware, but many landlords require tenants to carry a policy as part of the lease agreement. Even when optional, it provides valuable protection against unexpected events like theft, fire, or liability claims. Providers like Lemonade make it easy to get covered quickly, often in just a few minutes.

How do I get renters insurance in Delaware?
Obtaining renters insurance in Delaware is straightforward and can often be completed entirely online or through a mobile app. Renters can compare coverage options, choose deductibles, and purchase a policy within minutes. Digital insurers like Lemonade allow customers to manage everything—from quotes to claims—without paperwork or agent visits.

About Lemonade

Lemonade's mission is to become the most loved insurance company in the world. As a customer-centric tech company, we created an insurance experience across Renters, Home, Pet, Car, and Life that is smart, instant, and delightful. Our team of 1,200+ Lemonade Makers make it possible for over 3M customers throughout the US, UK and Europe to get coverage instantly, with nearly half of claims paid in a matter of seconds. Powered by AI and social impact, Lemonade is a purpose-built, technology-first insurance carrier. A Certified B-Corp, our commitment to social impact is embedded in every aspect of the company, and our Giveback program, which donates a percentage of leftover premiums to nonprofits selected by our community, has donated over $10M to organizations in need.

Press Inquiries

Lemonade Comms
paul.staats [at] lemonade.com
https://www.lemonade.com/

Key Takeaways LMND fell 15.9% in 3 months, lagging the industry, Finance sector and the Zacks S&P 500 composite.LMND uses AI and automation to scale its model and add auto, pet and life alongside renters and homeowners.LMND IFP hit $1.33B in Q1, and management targets $10B and sees EBITDA profitability by Q4 2026. Shares of Lemonade (LMND - Free Report) have lost 15.9% in the past three months, underperforming the industry, the Finance sector and the Zacks S&P 500 composite.

Lemonade offers renters, homeowners, pet, car and life insurance, backed by artificial intelligence and behavioral economics. It operates through full-stack insurance carriers in the United States, the United Kingdom and Europe.

Its peer Root Inc. (ROOT - Free Report) , a provider of automobile and renters insurance products, envisions being the largest and most profitable personal lines insurance carrier in the United States. It has lost 5.1% in the past three months. Another of LMND’s peers, EverQuote Inc. (EVER - Free Report) , an online insurance marketplace, has gained 17.9% in the same time frame.

LMND vs. Industry, Sector & S&P 500 in 3 Months
Image Source: Zacks Investment Research

Are LMND Shares Expensive?LMND shares are trading at a premium to the industry. Its price-to-book value of 7.98X is higher than the industry average of 2.45X and the median of 3.53X over the last three years.

Image Source: Zacks Investment Research

LMND is expensive when compared with Root and EverQuote.

Mixed Analyst Sentiment for LMNDThe Zacks Consensus Estimate for LMND 2026 earnings has witnessed northbound movement in the past 30 days, while that for 2027 earnings has moved south in the same time.
 

Image Source: Zacks Investment Research

The consensus estimate for EVER’s 2026 and 2027 earnings has moved north in the past 30 days. Estimates for ROOT’s 2026 and 2027 earnings has witnessed no movement in the past 30 days.

Growth Estimates for LMNDThe Zacks Consensus Estimate for the company’s 2026 and 2027 earnings indicates a 25.5% and 54.7% year-over-year decline, respectively. The consensus estimates for 2026 and 2027 revenues suggest year-over-year improvements. LMND has a Growth Score of A.

Factors in Favor of LMNDLemonade is a technology-driven insurer that uses data analytics, artificial intelligence and automation to improve efficiency and create a scalable, low-cost operating model. Originally focused on renters and homeowners insurance, the company has expanded into auto, pet and life insurance, supported partly by its acquisition of Metromile. This diversification has broadened revenue sources and reduced reliance on a single business line.

Its multi-product strategy enhances customer lifetime value through cross-selling opportunities while supporting a recurring, subscription-like revenue model. Strong customer retention and engagement continue to fuel growth, with management forecasting 32% revenue growth for the second quarter and 33% for full-year 2026. The auto insurance segment has been particularly strong, with further acceleration expected from expansion into additional states and increased brand investments.

Lemonade’s in-force premium (IFP) reached $1.33 billion in the first quarter, marking the 10th straight quarter of accelerating growth. This momentum reflects the growing contribution of its AI- and automation-driven platform, which enables efficient scaling. Management has outlined a long-term goal of increasing IFP to $10 billion.

A major strength of the business is its reinsurance strategy, which shifts a substantial portion of claims risk to partners, helping stabilize earnings and reduce volatility. At the same time, Lemonade continues investing in proprietary AI systems such as AI Maya and AI Jim to streamline underwriting and claims processing, contributing to improved efficiency and a relatively low loss adjustment expense ratio.

Although profitability remains a challenge, margins are improving, free cash flow has turned positive, and management expects EBITDA profitability by the fourth quarter of 2026.

Parting Thoughts on LMND StockLemonade is focused on expanding its business through strategic acquisitions and by focusing on its car insurance segment, which management views as a major future growth driver. In addition to strengthening its presence in renters, homeowners, pet and life insurance, the company continues to diversify its offerings and broaden its market reach.

By leveraging technology, automation and artificial intelligence, Lemonade aims to improve operational efficiency, strengthen its competitive position and scale its business more effectively. The company has also established ambitious in-force premium growth targets, reflecting its long-term objective of achieving tenfold expansion.

However, given a premium valuation and persisting earnings pressure, it is wise to adopt a wait-and-see approach for this Zacks Rank #3 (Hold) insurer. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Lemonade (LMND +0.47%), the online insurance company that relies on AI chatbots to onboard customers and process claims, took its investors on a wild ride after its 2020 IPO. It went public at $29, hit a record high of $183.26 in Jan. 2021, but now trades at about $56.

Lemonade is still a divisive stock. The bulls believe it will disrupt traditional insurance companies by simplifying the insurance-buying process with its AI-powered platform. Still, the bears argue that its moat is too narrow and its operating costs are too high. But if we take a closer look at its numbers, we'll see that its big bet on AI-powered insurance is paying off.

Image source: Getty Images.

What happened to Lemonade after its market debut? When Lemonade went public, it only offered homeowners and renters insurance. But over the following years, it expanded into the term life, pet health, and auto insurance markets. Its 2022 acquisition of Metromile significantly expanded its auto insurance business.

Today's Change

(

0.47

%) $

0.27

Current Price

$

57.45

Lemonade's customer count more than tripled -- from 1.00 million at the end of 2021 to 3.14 million in the first quarter of 2026 -- as it attracted younger and first-time insurance buyers. Its in-force premiums (IFP) and gross earned premiums (GEP) also consistently grew by the double digits, while its gross loss ratio declined and its adjusted gross margins expanded.

Metric

2020

2021

2022

2023

2024

2025

Customer Growth (YOY)

56%

43%

27%

12%

20%

23%

IFP Growth (YOY)

87%

78%

64%

20%

26%

31%

GEP Growth (YOY)

110%

84%

68%

37%

23%

28%

Gross Loss Ratio (TTM)

71%

90%

90%

85%

73%

64%

Adjusted Gross Margin

33%

36%

25%

23%

33%

41%

Data source: Lemonade. YOY = Year-over-year. TTM = Trailing 12 months.

What will happen to Lemonade over the next few years? For 2026, Lemonade expects its IFP to rise 32%, its GEP to grow 30%-31%, and its total revenue to increase 62%-63%. Over the long term, it expects its IFP to surge from $1.24 billion in 2025 to $10 billion as it gains more customers and launches new insurance products.

From 2025 to 2028, analysts expect its revenue to grow at a 42% CAGR. They also expect its adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) to turn positive in 2027 and rise nearly fivefold in 2028. With an enterprise value of $4.6 billion, Lemonade's stock still looks reasonably valued at less than four times this year's sales.

Lemonade's accelerating IFP and GEP growth suggests it's carving out a niche in the crowded insurance market, and its declining gross loss ratios suggest its business is sustainable. Its stock could remain volatile, but I believe it has plenty of room to run over the next few years.

Leo Sun has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Lemonade. The Motley Fool has a disclosure policy.

Lemonade (LMND +0.47%) has been a divisive stock over its six years as a public company.

While it's demonstrating powerful growth and introducing an artificial intelligence (AI)-driven alternative in a stodgy, traditional industry, does it really have a distinctive edge? And given its ongoing losses, the delightful approach to insurance may not actually be the better one.

Image source: Getty Images.

However, Lemonade's profits have been improving, and it's showing the naysayers that it can actually run an efficient, money-making insurance business that offers customers a positive experience. The way investors can see that isn't in the growth, which has been compelling from day one, but in the company's loss ratio.

Here's the real story on why Lemonade may be more of a competitor than some investors might think.

Lemonade is showing incredible potential as an insurance business. Its chatbots handle onboarding and claims processing, and that's attracting hundreds of thousands of new members looking for a better insurance experience. In-force premium (IFP), the top-line metric for insurance companies, increased 32% year over year in the 2026 first quarter and continues to accelerate even as the base grows, an impressive feat. IFP is the average annual premium, which is why it tells a more important story than revenue. Revenue, though, is also growing fast, up 71%.

However, anyone in business knows that sales growth is not enough. A company only really makes money if revenue growth outpaces costs, and there are net profits at the end. That's why the market has been iffy about Lemonade, which has yet to report a profit even on an adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) basis.

Today's Change

(

0.47

%) $

0.27

Current Price

$

57.45

Many excellent companies spent years building their businesses before they scaled enough to become profitable, and Lemonade is confident that it can get there, and at this point, soon. Management touts, for example, that IFP is rapidly outpacing expenses, and employee count has decreased as IFP accelerates. It's guiding for break-even adjusted EBITDA by the end of this year and positive net income next year.

Why the loss ratio matters For insurance companies, an added profitability metric that determines whether they will make money is the loss ratio. This measures how much the company pays out in claims. Obviously, it needs to be below 100%, because the company will otherwise end up with nothing left.

Lemonade's long-term goal is to keep the loss ratio under 70%, and as underwriting improves, that's been happening.

Here's how it's played out over the past year:

MetricQ1 26Q4 25Q3 25Q2 25Q1 25Gross loss ratio62%52%62%67%78%Gross loss ratio TTM61%64%67%70%73%Net loss ratio63%53%64%69%82% Data source: Lemonade quarterly reports.

As AI algorithms continue their work, keeping costs down and matching rates to risk more efficiently, Lemonade is getting closer to net profitability. Management is aiming for that to happen next year, at which point the company could really take off.

INDIANAPOLIS--(BUSINESS WIRE)--Lemonade (NYSE: LMND), the technology-driven insurance company, today announced that its Autonomous Car insurance is now available in Indiana.

Lemonade Autonomous Car is a first-of-its-kind product that gives Tesla owners 50% off every mile driven using Tesla's Full Self-Driving (Supervised) technology.

"Today, we're bringing Lemonade Autonomous Car to Tesla drivers in Indiana. This first-of-its-kind insurance product cuts Tesla's cost of ownership by slashing insurance prices in half for miles driven with FSD (Supervised)," said Shai Wininger, President and Co-Founder of Lemonade. "Tesla's safe FSD (Supervised) tech reduces the chances of getting into an accident. Our intelligent pricing models see this in the data and can pass real savings, with high precision, on to Tesla customers."

Indiana Tesla drivers can now get a quote in seconds through the Lemonade app or at tesla.lemonade.com/fsd, and receive further savings when bundled with Lemonade Renters, Pet, or Home insurance.

Lemonade continues to offer its existing Car insurance, which supports most popular cars as well as Teslas, in Arizona, California, Colorado, Illinois, Indiana, Ohio, Oregon, Tennessee, Texas, and Washington.

About Lemonade

Lemonade offers renters, homeowners, car, pet, and life insurance. Powered by artificial intelligence and social impact, Lemonade’s full stack insurance carriers in the US and the EU replace brokers and bureaucracy with bots and machine learning, aiming for zero paperwork and instant everything. A Certified B-Corp, Lemonade gives unused premiums to nonprofits selected by its community, during its annual Giveback. Lemonade is currently available in the United States, Germany, the Netherlands, France, and the UK, and continues to expand globally.

Follow Lemonade on X and Instagram for updates.

Lemonade, Inc. (LMND) Presents at Piper Sandler Global Exchange and Fintech Conference Transcript

The Nasdaq Composite (^IXIC +0.31%) index is down 7.5% from its recent all-time high as I write this, led by sharp declines in many of the semiconductor stocks at the center of the artificial intelligence (AI) revolution. Investors are worried about the sustainability of the AI infrastructure spending boom, but this might be creating an opportunity for investors.

Meta Platforms (META 0.14%) is a major buyer of AI chips, but Wall Street might welcome a spending slowdown (if one were to eventuate), because it would allow the company to retain more of the substantial cash flow from its social media advertising business. Then there's Lemonade (LMND +0.47%), which is having incredible success in transforming the insurance industry using AI.

These two stocks trade at attractive valuations right now, so here's why they might be great long-term buys during the latest bout of tech market volatility.

Image source: The Motley Fool.

The case for Meta Platforms Meta owns social media platforms Facebook, Instagram, and WhatsApp, which are visited by more than 3.5 billion people every day. Since the company has already captured almost half the world's population, it's becoming harder to attract new users, so now it's trying to boost engagement instead. If each existing user spends more time online each day, they will see more ads, and Meta will make more money.

AI is a powerful tool in that respect. Meta embedded it into its recommendation algorithms, where it learns which types of content each user enjoys and shows them more of it to keep them online. But CEO Mark Zuckerberg says the company's latest AI models can achieve a much deeper understanding of every picture and video on Facebook and Instagram, as well as every user's goals, paving the way for the most accurate content recommendations yet.

Zuckerberg believes AI will reach a point where it's even creating customized content tailored to Meta's users' preferences. Therefore, Facebook won't simply offer entertainment; it will become a place where people can improve their lives, whether they want to learn how to cook or how to manage their finances. This should lead to much higher engagement over the long term.

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Meta generated $56.3 billion in revenue during the first quarter of 2026 (ended March 31), a 33% increase from the year-ago period. That growth rate accelerated from 24% in the previous quarter, three months earlier, a sign that the company's AI strategy is yielding results.

Meta stock is trading at a price-to-earnings (P/E) ratio of just 21.3 as I write this, so it's much cheaper than the Nasdaq-100 index, which has a P/E ratio of 35.3. This suggests it might be undervalued relative to a basket of its big-tech peers.

However, the company is on track to spend up to $145 billion on AI data centers in 2026 to further its AI ambitions, which will weigh on its earnings over the next few years as that infrastructure is depreciated for accounting purposes. This is something to watch over the next couple of quarters -- if management pulls back on that spending, Wall Street might view that as a positive sign for the company's bottom line.

The case for Lemonade Lemonade offers renters, homeowners, life, pet, and car insurance, and it uses AI for everything from customer interactions to pricing premiums. The customer journey starts on its website, where an AI chatbot named Maya can write a quote in under 90 seconds. For existing policyholders, Lemonade has another AI assistant that can pay claims in just a few seconds. That's a big improvement from the claims process with traditional insurers, which often involves several phone calls and lengthy waiting periods to get paid.

Lemonade had a record 3.1 million policyholders at the end of the 2026 first quarter, which was an increase of 23% from the year-ago period. It also had $1.3 billion in in-force premium (IFP), which represents the value of the premiums from all active policies. That increased by 32%, and it was the 10th straight quarter in which that growth rate accelerated.

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Since the end of 2022, AI-powered automation has enabled Lemonade to reduce its workforce by 6% while doubling IFP over the same period. The company now has roughly $1 million in IFP per employee, placing it on par with some of the largest insurers in the industry, despite being a mere fraction of their size. If Lemonade continues on its current trajectory, it could become the most efficient insurer in the business.

Wall Street's consensus estimate (provided by Yahoo! Finance) suggests Lemonade could generate $1.6 billion in revenue in 2027, which would be more than double its 2025 result of $738 million. That places its stock at a forward price-to-sales (P/S) ratio of 2.5.

Therefore, Lemonade stock would have to soar by 116% by the end of next year just to maintain its current P/S ratio of 5.4, which is roughly in line with its three-year average.

Data by YCharts.

But the story gets better, because Lemonade plans to grow its IFP by a whopping 670% to $10 billion over the next decade or so, which could fuel a similar increase in its stock.

Montana Renters Can Now Get Fast, Affordable Coverage Starting at $5 Per Month June 11, 2026 13:00 ET  | Source: Lemonade, Inc

New York City, NY, June 11, 2026 (GLOBE NEWSWIRE) -- Lemonade (NYSE: LMND) today announced that its renters insurance is now available in Montana, giving residents a fast and affordable way to protect their belongings.

Designed for renters who want a simpler insurance experience, Lemonade makes it possible to get a quote, purchase coverage, update a policy, and file a claim directly from its app. Nearly 40% of claims are handled instantly.

"Making insurance simple is at the core of everything we do," said Dan Timsit, Head of Renters Insurance at Lemonade. "We're excited to bring our renters insurance product to Montana and give residents an easier way to get covered."

Policies start at $5 per month, and according to company and industry data, Lemonade's renters insurance rates are approximately 30% lower than the national average.

Additional savings may be available for customers who bundle eligible insurance products, install qualifying safety devices, or choose annual billing.

Lemonade serves more than 3 million customers and has been recognized by publications including Forbes, CNBC, and U.S. News & World Report for its insurance products and customer experience.

About Lemonade

Lemonade's mission is to become the most loved insurance company in the world. As a customer-centric tech company, we created an insurance experience across Renters, Home, Pet, Car, and Life that is smart, instant, and delightful. Our team of 1,200+ Lemonade Makers make it possible for over 3M customers throughout the US, UK and Europe to get coverage instantly, with nearly half of claims paid in a matter of seconds. Powered by AI and social impact, Lemonade is a purpose-built, technology-first insurance carrier. A Certified B-Corp, our commitment to social impact is embedded in every aspect of the company, and our Giveback program, which donates a percentage of leftover premiums to nonprofits selected by our community, has donated over $10M to organizations in need.

Press Inquiries

Lemonade Comms
paul.staats [at] lemonade.com
https://www.lemonade.com/

The two biggest positions in Scion Asset Management’s last 13-F revealed that the legendary ‘Big Short’ trader Michael Burry placed a massive bet against artificial intelligence (AI) at a time when Nvidia (NASDAQ: NVDA) stock and Palantir (NASDAQ: PLTR) shares appeared all but unstoppable.

By June 10, 2026, it appears that at least one of the two large bearish positions is bearing fruit.

Michael Burry’s bet against Palantir stock Specifically, the largest holding in the Michael Burry portfolio in the regulatory filing covering the third quarter (Q3) 2025 was PLTR stock put options with a nominal end-of-period value of $912 million.

At the end of Q3, Palantir shares were changing hands at $200.47, while at the latest close on June 9, they were at $132.07, meaning the equity suffered an overall 34.12% decline. 

Palantir stock price one-year chart. Source: Google Depending on Burry’s exact timing – a datapoint that is unknowable from the 13-F – he might have been less successful than the late October values indicate. For example, Palantir stock was worth $154.27 on August 1 – the first possible date for taking the short position – for a 14.39% drop by June 9.

The equity found its Q3 bottom on September 5, for a 13.74% fall by the Tuesday close – significantly less than relative to the values from October 31.

Michael Burry’s bet against Nvidia stock Elsewhere, Michael  Burry’s significantly smaller – reported as $186 million worth of put options in the filing – bet against Nvidia stock recently turned negative for the legendary trader.

Indeed, at the end of Q3, 2025, NVDA shares were changing hands at $202.49 and they, by the closing bell on June 9, rose 2.81% to $208.19. The difference is only greater relative to the start of the timeframe – up 19.84% since August 1 – and from the September lows: 24.65%.

Nvidia stock price one-year chart. Source: Google Is Michael Burry still short on Nvidia and Palantir stock? Another element that can’t be definitively proven, given the deregistration of Scion Asset Management, is whether Burry’s bets remain in place. Indeed, the famous investor had several opportunities to profit from the trade in recent months, as Nvidia stock hit multiple lows – most notably in early February and late March.

The window was even greater for PLTR shares as the bearish bet spent most of the session after January 2026 below the prices at which Burry likely made his bet.

Notably, despite the deregistration, Michael Burry has taken to personally sharing his stock market moves, and the information he provided indicates the two large short positions remain in place.

Further confirmation of the claim comes in the legendary investor’s commentary on the 2026 financial markets, which he has, on several occasions, described as appearing like they are in the final stretch before a major crisis.

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At a recent customer event, Palantir CEO Alex Karp argued that companies relying directly on large language model providers are increasingly finding themselves paying more while struggling to understand the value they are receiving. The comments, as reported by The Information, come as a growing number of large enterprises publicly discuss concerns about AI spending and usage costs.

AI’s New Cost ProblemFor much of the past two years, the AI conversation centered on capability. Bigger models, better reasoning and more powerful coding assistants drove rapid adoption across corporate America.

Now, attention is shifting toward cost control.

The issue gained attention after Uber’s CTO said earlier this year that the company burned through its full-year AI budget within the first few months of 2026 as usage surged.

In response, some enterprises are reportedly turning to model-routing systems and usage limits to reduce spending without abandoning AI altogether.

Palantir’s PitchPalantir believes that shift plays directly into its hands.

Rather than asking customers to commit to a single AI provider, the company has spent years building software that allows organizations to deploy applications across multiple models while tracking performance and costs.

Karp’s argument is straightforward: enterprises should focus less on buying access to the most advanced model and more on understanding how AI is being used, what it costs and whether it is generating measurable value. “You’ll go to a large language model company and learn that they don’t care about you at all,” Karp said at the event.

Palantir’s commercial chief Ted Mabrey reportedly said customer concern around token-based AI spending has seen an “explosion” over the past six weeks.

The company’s Forward Deployed Engineers, or FDEs, work directly with customers to build customized AI applications while helping them monitor spending across different models from providers including Anthropic and OpenAI.

The Next AI BattleThe debate highlights what could become the next major battleground in enterprise AI.

Anthropic’s growth remains extraordinary. The company, founded in 2021, is reportedly projecting roughly $11 billion in revenue for the current quarter alone. By comparison, Palantir has projected approximately $7.7 billion in revenue for the full year, despite expecting around 70% growth.

But Palantir is betting that the long-term winners in AI may not be the companies building the models. Instead, they could be the firms helping enterprises manage those models, control costs and avoid becoming dependent on a single vendor.

If AI’s first phase was about access to powerful models, the next phase may be about making sure those models don’t break the budget. Palantir appears determined to position itself at the center of that conversation.

Image via Shutterstock

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Palantir CEO Alex Karp said the artificial intelligence software company's enterprise customers are "unhappy" with how the frontier labs are operating.

"It's not just the man and woman on the street that is unhappy with the frontier labs, it's in private, every single enterprise we deal with," he told CNBC's Sara Eisen on Wednesday.

Many customers, he said, believe these companies don't understand their businesses and only care about "tokenmaxxing," or burning through AI tokens to signal productivity.

Accelerating costs are raising alarm on Wall Street and fueling efficiency concerns as businesses funnel more AI into workloads and model costs rise.

"It is not that large language models aren't crucial for the world," Karp said. "It's just the implementation is where the value is, certainly in the next seven years."

Karp's comments come as two of the leading large language model companies, Anthropic and OpenAI, take steps to go public. The Sam Altman-led ChatGPT maker said Monday it confidentially filed for an initial public offering, a week after Anthropic.

He told CNBC that most of Anthropic's public projects are "running on Palantir."

Read more CNBC tech newsBezos opens up about AI startup Prometheus after $12 billion raise: 'We're not being secretive'DoorDash lets customers use photos, prompts to order food and book reservations in latest AI pushAs OpenAI leans into enterprise business, Apple and Google set sights on the massesPalantir's Karp says businesses are 'unhappy' with the frontier AI labsWhile he often disagrees with CEO Dario Amodei, Karp said the co-founder is "a very, very important person" who is guiding the "leading frontier model company."

In recent years, Karp has made headlines for his outspoken political views and recently aligned himself with President Donald Trump's administration, after previously donating to campaigns of former Vice President Kamala Harris and President Joe Biden.

In October, Palantir communications chief Lisa Gordon called the company's political shift "concerning."

Trump has also praised Palantir on Truth Social with the company's ticker symbol and invested in its stock. The company donated to last year's parade for the U.S. Army's 250th birthday. Palantir is also among the list of donors to Trump's White House ballroom project, along with other tech giants.

Some of Karp's strong political views, including his support of Israel, have led employees to leave Palantir, he told CNBC in 2024, months after Palestinian militant group Hamas killed about 1,200 people.

Karp insisted on Wednesday that he is a "card-carrying progressive" and wants poor people to have a better life.

He also expressed frustration over the politicization of AI, believing the tech will drive the most important political decisions in the U.S.

"You can't do a blue-red debate," he said. "This is a massive revolution and there's opportunities only America has, and there are dangers in this revolution."

Palantir’s chief executive, Alex Karp, made headlines this morning as he told CNBC he was “rooting for” SpaceX ahead of what is shaping up to be the largest initial public offering (IPO) in the history of the stock market. 

Karp, whose own company has partnered with SpaceX on defense proposals including the Golden Dome missile protection initiative, was effusive in his praise – calling SpaceX's IPO a blessing for America and an occasion for every entrepreneur to celebrate.

But rooting for a rocket company and betting your money on its stock are two very different things.

There was genuine warmth in how Karp talked about Elon Musk and SpaceX on CNBC.

He called out the staggering scale of the IPO, pointing out that in most countries, a listing of this magnitude would trigger national euphoria.

“I think most Americans and certainly I hope all entrepreneurs are rooting for success,” Karp said. He also framed his optimism in a notably precise way: “Bullish on Elon in space? Yes. Bullish on space? No idea.”

That nuance matters. Karp isn’t making a broad sector call – he’s making a founder call. He believes in Musk’s execution ability, a view grounded in years of watching SpaceX do things no other firm has pulled off.

For retail investors tempted to follow Karp’s lead, that’s a meaningful, if incomplete, endorsement.

There is no serious argument against SpaceX’s engineering credentials.

The company has rewritten the economics of rocket launches, built Starlink into a satellite internet service with over 10.3 million subscribers, and is developing Starship with ambitions that stretch literally to Mars.

SpaceX revenue jumped an exciting 33% on a year-over-year basis last year to $18.7 billion, with Starlink alone generating more than $11 billion, making it the company’s only genuinely profitable division.

However, the problem is the price tag attached to all of this brilliance. SpaceX is targeting a close to $1.8 trillion valuation, in what will be the largest IPO ever, more than triple the size of Alibaba’s record US offering.

That implies a trailing price-to-sales (P/S) ratio of roughly 95x. To put that in perspective –  Nvidia, one of the most richly valued tech companies on the planet, trades at roughly 23x sales.

Even Palantir – Karp’s own company, notorious for its sky-high multiples – trades at about 73x.

So SpaceX is asking investors to pay a premium that exceeds virtually every comparable in the market.

Meanwhile, despite Starlink’s profitability, it reported an operating loss of $2.6 billion for 2025, mostly attributed to its cash-burning xAI division.

Note that Morningstar pegs fair value for SpaceX at around “$780 billion” – less than half the IPO target.

Here's the question investors should be asking: when Alex Karp says he’s rooting for SpaceX, is he putting capital behind that sentiment – or is he cheering from a comfortable seat in the stands?

Karp made no mention of personally investing in the IPO. He spoke as a partner, a peer, and an admirer of Musk’s track record.

That is a very different posture from a financial endorsement. Rooting for a company costs nothing.

Buying its IPO shares at a near-100x price-to-sales multiple costs quite a lot and carries meaningful downside risk. 

One analyst has already warned that SpaceX stock may fall to as low as $75 in the weeks following its debut.

The IPO demand is reportedly approaching four times oversubscribed, which speaks to the feverish enthusiasm surrounding the listing, but also to the risk of post-IPO hangover if growth disappoints.

In short, SpaceX is a genuinely extraordinary company run by a genuinely exceptional founder.

By all means, root for it. But before you wire your savings into SPCX on day one, remember that even Karp – a self-described optimist who literally works with SpaceX – stopped short of saying “buy the stock.”

Shares of Palantir (PLTR 2.36%) slid about 7% over the past five trading days as of this writing, adding to what has become a painful stretch for the artificial intelligence (AI) data and analytics platform specialist. The stock now trades more than 35% below its 52-week high of $207.52 and is down about 26% year to date.

The decline stands in sharp contrast to the business itself, which is growing faster than it ever has as a public company. And that contrast raises a question some investors have likely been waiting years to ask: After such a steep fall, is this finally a good time for long-term AI investors to buy one of the market's most debated growth stocks?

Even after the pullback, however, the valuation numbers investors must grapple with are still big. Palantir commands a market capitalization of about $306 billion -- against trailing-12-month revenue of just $5.2 billion.

Here's a closer look at the company's momentum and whether the growth stock is a buy, sell, or hold.

Image source: Getty Images.

Growth that keeps accelerating Palantir's first-quarter revenue rose 85% year over year to $1.63 billion -- the company's highest growth rate since it went public in 2020. U.S. revenue, which now accounts for 79% of the total, more than doubled, rising 104%. And U.S. commercial revenue soared 133% to $595 million, helped by new deals with Airbus, Bain, GE Aerospace, and Stellantis during the quarter.

"Our revenue growth rate accelerated for the eleventh consecutive quarter, highlighting the durability of the growth of our business at scale," said chief financial officer David Glazer in the company's first-quarter earnings call.

And profitability looks exceptional. First-quarter net income more than quadrupled year over year to $871 million. And adjusted free cash flow for the period came in at $925 million.

"Our free cash flow this quarter is larger than our revenue a year ago in the same quarter. Think about that," said CEO Alex Karp later in the call.

Looking ahead, management expects the momentum to continue. Alongside the report in early May, Palantir raised its full-year 2026 revenue guidance to $7.65 billion to $7.662 billion, implying 71% growth this year.

But the price is another story So, why not buy the dip? The answer comes down to valuation -- and Palantir's remains extreme, even after the drop.

The stock's price-to-earnings ratio is more than 140 as of this writing. Additionally, Palantir's market capitalization is about 40 times the revenue management expects the company to generate in 2026, and about 70 times the midpoint of its adjusted free cash flow guidance for the year.

A valuation like this leaves little margin for disappointment.

And there are ways Palantir could disappoint. Growth is increasingly concentrated in the U.S., with international commercial revenue rising just 26% year over year in Q1. Further, parts of the company's international government business face uncertainty. The U.K. government, for instance, said this week it's reviewing whether to extend or end Palantir's $441 million contract with the country's National Health Service when the deal's initial term expires in early 2027.

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There's also simple math to consider. Maintaining anything close to 71% growth becomes more difficult each year as the revenue base expands. And if growth merely decelerates, a stock priced for years of extraordinary expansion could get rerated lower -- something shareholders have already experienced this year, with shares falling even as the business accelerated.

To be clear, the business arguably deserves its reputation. Excessive demand seems to be Palantir's most significant problem at the moment (if we can even call that a problem). Karp told listeners on the earnings call that the company's biggest problem in the U.S. is that it "just cannot meet demand."

But price matters. Even with the stock down more than 35% from its high, Palantir shares arguably still look overvalued. This may be a meaningful pullback, but I don't think it's big enough to make shares attractive.