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5 Stocks Driving The Financial Services Industry Higher

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 31 points (0.2%) at 16,096 as of Monday, Nov. 25, 2013, 11:45 AM ET. The NYSE advances/declines ratio sits at 1,434 issues advancing vs. 1,496 declining with 119 unchanged.

The Financial Services industry currently sits down 0.1% versus the S&P 500, which is up 0.1%. Top gainers within the industry include Financial Engines ( FNGN), up 2.6%, Virtus Investment Partners ( VRTS), up 2.5%, Blackstone Group ( BX), up 1.8%, KKR ( KKR), up 1.4% and Capital One Financial ( COF), up 1.1%. A company within the industry that fell today was Orix Corporation ( IX), up 2.9%.

TheStreet would like to highlight 5 stocks pushing the industry higher today:

5. Bank of New York Mellon ( BK) is one of the companies pushing the Financial Services industry higher today. As of noon trading, Bank of New York Mellon is up $0.37 (1.1%) to $34.00 on light volume. Thus far, 1.4 million shares of Bank of New York Mellon exchanged hands as compared to its average daily volume of 4.7 million shares. The stock has ranged in price between $33.73-$34.26 after having opened the day at $33.74 as compared to the previous trading day's close of $33.63.

The Bank of New York Mellon Corporation provides various financial products and services worldwide. It operates through Investment Management, Investment Services, and Other segments. Bank of New York Mellon has a market cap of $38.7 billion and is part of the financial sector. The company has a P/E ratio of 18.5, above the S&P 500 P/E ratio of 17.7. Shares are up 30.9% year to date as of the close of trading on Friday. Currently there are 3 analysts that rate Bank of New York Mellon a buy, 2 analysts rate it a sell, and 10 rate it a hold.

TheStreet Ratings rates Bank of New York Mellon as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, increase in net income, expanding profit margins and good cash flow from operations. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full Bank of New York Mellon Ratings Report now.

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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