Bank of New York Mellon Corp (BK) just gave investors something to get excited about. The custody bank posted solid fourth-quarter numbers, and Goldman Sachs thinks the story is only getting better from here.

The headline? Net interest income came in at $1.346 billion, comfortably ahead of the $1.289 billion analysts were expecting. That's the kind of beat that gets attention, especially when it's paired with a forward outlook that suggests more durable mid-teens percentage EPS growth ahead.

Goldman Sachs analyst Alexander Blostein raised his price target on BK to $143 from $136, maintaining his Buy rating. His reasoning centers on what he sees as accelerating organic growth and a pathway to better profitability. Management guided toward roughly 5% year-on-year total revenue growth excluding notable items, with organic fee growth picking up momentum.

Here's where it gets interesting: Blostein believes management is being conservative, leaving "room for upside" as the year unfolds. The bank has a clear roadmap to expand pre-tax margins from 36% in 2025 to 38% over the next few years, while maintaining consistent capital returns with payout ratios between 90% and 100%.

Shares were up 0.50% to $123.56 at the time of publication on Wednesday.