Bank of New York Mellon

(

BK

) pushed the Financial sector higher today making it today's featured financial winner. The sector as a whole closed the day up 0.6%. By the end of trading, Bank of New York Mellon rose $0.63 (2.1%) to $30.69 on average volume. Throughout the day, 6,672,735 shares of Bank of New York Mellon exchanged hands as compared to its average daily volume of 6,114,700 shares. The stock ranged in a price between $30.18-$30.72 after having opened the day at $30.39 as compared to the previous trading day's close of $30.06. Other companies within the Financial sector that increased today were:

Taylor Capital Group

(

TAYC

), up 19.0%,

Altis Resident

(

RESI

), up 17.3%,

Bank Bradesco

(

BBDO

), up 16.3% and

Crawford & Company

(

CRD.B

), up 15.6%.

The Bank of New York Mellon Corporation provides various financial products and services worldwide. It operates through Investment Management, Investment Services, and Other segments. Bank of New York Mellon has a market cap of $34.6 billion and is part of the financial services industry. Shares are up 15.8% year to date as of the close of trading on Friday. Currently there are 4 analysts that rate Bank of New York Mellon a buy, 2 analysts rate it a sell, and 11 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,

Siebert Financial Corporation

(

SIEB

), down 7.5%,

Broadway Financial

(

BYFC

), down 7.1%,

InnSuites Hospitality

(

IHT

), down 6.7% and

Sussex Bancorp

(

SBBX

), down 6.7% , were all laggards within the financial sector with

MBIA

(

MBI

) being today's financial sector laggard.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the financial sector could consider

Financial Select Sector SPDR

(

XLF

) while those bearish on the financial sector could consider

Proshares Short Financials

(

SEF

).

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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