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Bank Of New York Mellon (BK): Today's Featured Financial Loser

Stock quotes in this article: BK

Bank of New York Mellon ( BK) pushed the Financial sector lower today making it today's featured Financial loser. The sector as a whole closed the day down 0.2%. By the end of trading, Bank of New York Mellon fell 25 cents (-1.2%) to $21.33 on light volume. Throughout the day, five million shares of Bank of New York Mellon exchanged hands as compared to its average daily volume of 7.6 million shares. The stock ranged in price between $21.22-$21.83 after having opened the day at $21.77 as compared to the previous trading day's close of $21.58. Other company's within the Financial sector that declined today were: CD International ( CDII), down 16.1%, Millennium India Acquisition Corporation ( SMCG), down 13.2%, Crawford & Company ( CRD.B), down 10.5%, and OptimumBank Holdings ( OPHC), down 9.7%.

The Bank of New York Mellon Corporation, a financial services company, provides various products and services worldwide. The company offers a range of equity, fixed income, cash, and alternative/overlay products, as well as distributes investment management products. Bank of New York Mellon has a market cap of $25.99 billion and is part of the financial services industry. The company has a P/E ratio of 10.6, equal to the average financial services industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are up 9.4% year to date as of the close of trading on Monday. Currently there are seven analysts that rate Bank of New York Mellon a buy, two analysts rate it a sell, and nine rate it a hold.

TheStreet Ratings rates Bank of New York Mellon as a hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, attractive valuation levels and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity, weak operating cash flow and a generally disappointing performance in the stock itself.

On the positive front, Carver Bancorp ( CARV), up 97.5%, Broadway Financial ( BYFC), up 15.9%, Credit Suisse ( DGAZ), up 14.7%, and CMS Bancorp ( CMSB), up 13.2%, were all gainers within the financial sector with Invesco ( IVZ) being today's featured financial sector winner.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the financial sector could consider Financial Select Sector SPDR ( XLF) while those bearish on the financial sector could consider Proshares Short Financials ( SEF).

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