Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model
) pushed the Financial Services industry lower today making it today's featured Financial Services laggard. The industry as a whole closed the day down 0.9%. By the end of trading, Bank of New York Mellon fell 26 cents (-1.1%) to $22.30 on light volume. Throughout the day, 4.2 million shares of Bank of New York Mellon exchanged hands as compared to its average daily volume of 6.2 million shares. The stock ranged in price between $22.10-$22.41 after having opened the day at $22.34 as compared to the previous trading day's close of $22.56. Other companies within the Financial Services industry that declined today were:
), down 25.6%,
), down 6.7%,
), down 5.9%, and
), down 5.6%.
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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 $26.47 billion and is part of the
sector. The company has a P/E ratio of 12.1, above the average financial services industry P/E ratio of 12 and below the S&P 500 P/E ratio of 17.7. Shares are up 12.6% year to date as of the close of trading on Wednesday. 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
. The company's strengths can be seen in multiple areas, such as its attractive valuation levels, expanding profit margins and increase in stock price during the past year. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and disappointing return on equity.
- You can view the full Bank of New York Mellon Ratings Report.
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For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the financial services industry could consider
) while those bearish on the financial services industry could consider
- Find other investment ideas from our top rated ETFs lists.
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