Bank of New York Mellon



) pushed the Financial Services industry higher today making it today's featured financial services winner. The industry as a whole closed the day up 5.2%. By the end of trading, Bank of New York Mellon rose $1.38 (7.6%) to $19.46 on average volume. Throughout the day, 12.5 million shares of Bank of New York Mellon exchanged hands as compared to its average daily volume of 12.9 million shares. The stock ranged in a price between $18.57-$19.49 after having opened the day at $18.70 as compared to the previous trading day's close of $18.08. Other companies within the Financial Services industry that increased today were:

Ameritrans Capital Corporation



), up 111.7%,




), up 35%,

Gleacher & Co Inc



), up 26.5%, and

Pzena Investment Management Inc



), up 19.7%.

The Bank of New York Mellon Corporation, a financial services company, provides various products and services worldwide. The company's Asset Management segment 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 $21.94 billion and is part of the


sector. The company has a P/E ratio of 8.2, below the average financial services industry P/E ratio of 8.3 and below the S&P 500 P/E ratio of 17.7. Shares are down 40.1% year to date as of the close of trading on Tuesday.

TheStreet Ratings rates Bank of New York Mellon as a


. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and attractive valuation levels. 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.

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



) while those bearish on the financial services industry could consider

Proshares Short Financials