Bank Of New York Mellon Corp (BK): Today's Featured Financial Services Laggard

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

Bank of New York Mellon ( BK) pushed the Financial Services industry lower today making it today's featured Financial Services laggard. The industry as a whole closed the day down 0.3%. By the end of trading, Bank of New York Mellon fell $0.31 (-1.0%) to $29.90 on light volume. Throughout the day, 4,114,132 shares of Bank of New York Mellon exchanged hands as compared to its average daily volume of 5,530,200 shares. The stock ranged in price between $29.79-$30.49 after having opened the day at $30.21 as compared to the previous trading day's close of $30.21. Other companies within the Financial Services industry that declined today were: Carlyle Group ( CG), down 5.4%, SWS Group ( SWS), down 4.5%, Greenhill ( GHL), down 3.7% and Blackstone Group ( BX), down 3.7%.
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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 $34.9 billion and is part of the financial sector. The company has a P/E ratio of 23.5, above the S&P 500 P/E ratio of 17.7. Shares are up 17.0% year to date as of the close of trading on Monday. 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 positive front, Orix Corporation ( IX), down 7.4%, Nomura Holdings ( NMR), down 6.1%, Marine Petroleum ( MARPS), down 5.1% and Teucrium Agricultural Fund ( TAGS), down 5.0% , were all gainers within the financial services industry with Ameriprise Financial ( AMP) being today's featured financial services industry leader.

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 ( XLF) while those bearish on the financial services industry could consider Proshares Short Financials ( SEF).

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