** BNY BK.N on Wednesday beat fourth-quarter profit estimates, helped by higher investment services fees from its clients

** Median PT of 18 brokerages covering stock is $92 - LSEG data

HAS ROOM FOR PROFIT GROWTH

** BofA Global Research ("buy," PT: $95) says BNY is still in early to middle innings of transformation that has potential to drive better-than-expected growth and profit

** "We view BK as a capital light business model with strong ROTCE generation which should support healthy capital return," BofA says

** KBW ("outperform," PT: $96) sees momentum in servicing income and cost control driving results, with recent earnings outcomes projected to drive growth and indicate further upside potential

** RBC ("sector perform," PT: $90) says with non-interest expense having fallen, investors are seeing evidence of successful execution of co's business strategy

** Barclays ("overweight," PT: $104) says BNY's growth could be driven by net interest income, controlled expenses and stable deposits

(Reporting by Rashika Singh in Bengaluru)

((rashika.singh@thomsonreuters.com))