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Bank Of New York Mellon Corp (BK): Today's Featured Financial Services Winner

Stock quotes in this article: BK

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.

Bank of New York Mellon ( BK) pushed the Financial Services industry higher today making it today's featured financial services winner. The industry as a whole closed the day up 0.1%. By the end of trading, Bank of New York Mellon rose $0.34 (1.0%) to $33.76 on light volume. Throughout the day, 3,583,539 shares of Bank of New York Mellon exchanged hands as compared to its average daily volume of 6,037,400 shares. The stock ranged in a price between $33.37-$33.85 after having opened the day at $33.42 as compared to the previous trading day's close of $33.42. Other companies within the Financial Services industry that increased today were: Nelnet ( NNI), up 11.0%, Sorrento Therapeutics ( SRNE), up 9.3%, China Ceramics ( CCCL), up 7.4% and QIWI ( QIWI), up 7.0%.

The Bank of New York Mellon Corporation provides various financial products and services in the United States and internationally. Its Investment Management segment provides institutional, intermediary, retirement and retail investment management, distribution, and related services. Bank of New York Mellon has a market cap of $37.7 billion and is part of the financial sector. Shares are down 4.3% year to date as of the close of trading on Wednesday. Currently there are 4 analysts that rate Bank of New York Mellon a buy, 2 analysts rate it a sell, and 7 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 reasonable valuation levels, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the negative front, MoneyGram International ( MGI), down 17.7%, RENN Global Entrepreneurs Fund ( RCG), down 5.7%, Cohen & Steers ( CNS), down 5.0% and Xoom ( XOOM), down 4.3% , were all laggards within the financial services industry with Western Union Company ( WU) being today's financial services industry laggard.

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

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