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 sector lower today making it today's featured Financial laggard. The sector as a whole closed the day up 0.2%. By the end of trading, Bank of New York Mellon fell 30 cents (-1.2%) to $23.94 on light volume. Throughout the day, 4.8 million shares of Bank of New York Mellon exchanged hands as compared to its average daily volume of 6.8 million shares. The stock ranged in price between $23.85-$24.22 after having opened the day at $24.20 as compared to the previous trading day's close of $24.24. Other companies within the Financial sector that declined today were:
), down 25.3%,
), down 15.1%,
), down 10.8%, and
), down 7.9%.
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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 $28.27 billion and is part of the financial services industry. The company has a P/E ratio of 12.5, below the S&P 500 P/E ratio of 17.7. Shares are up 21.5% year to date as of the close of trading on Thursday. Currently there are seven analysts that rate Bank of New York Mellon a buy, two analysts rate it a sell, and eight 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 solid stock price performance, attractive valuation levels, expanding profit margins, good cash flow from operations and growth in earnings per share. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.
- You can view the full Bank of New York Mellon Ratings Report.
On the positive front,
Oak Ridge Financial Services
), up 26.3%,
), up 20.2%,
), up 9.8%, and
), up 9.3%, were all gainers within the financial sector with
) being today's featured financial sector leader.
- Use our financial section to find sector-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the financial sector could consider
) while those bearish on the financial sector could consider
- Find other investment ideas from our top rated ETFs lists.
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