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.
) pushed the Financial sector lower today making it today's featured Financial laggard. The sector as a whole closed the day down 0.1%. By the end of trading, Bank of New York Mellon fell $0.59 (-1.7%) to $33.62 on average volume. Throughout the day, 5,847,021 shares of Bank of New York Mellon exchanged hands as compared to its average daily volume of 5,896,600 shares. The stock ranged in price between $33.57-$34.33 after having opened the day at $34.28 as compared to the previous trading day's close of $34.21. Other companies within the Financial sector that declined today were:
), down 14.9%,
), down 12.1%,
), down 7.3% and
), down 7.2%.
- EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass
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 $38.3 billion and is part of the financial services industry. Shares are down 2.1% 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
. The company's strengths can be seen in multiple areas, such as its reasonable valuation levels, solid stock price performance and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income.
- You can view the full Bank of New York Mellon Ratings Report.
On the positive front,
), up 7.5%,
Intermountain Community Bancorp
), up 7.0%,
), up 5.5% and
), up 5.4% , 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.