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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 $0.55 (-1.8%) to $30.30 on average volume. Throughout the day, 4,933,872 shares of Bank of New York Mellon exchanged hands as compared to its average daily volume of 4,871,100 shares. The stock ranged in price between $30.20-$30.75 after having opened the day at $30.71 as compared to the previous trading day's close of $30.85. Other companies within the Financial Services industry that declined today were: Millennium India Acquisition Corporation ( SMCG), down 14.5%, Xoom ( XOOM), down 5.5%, Morgan Stanley ( MS), down 3.4% and HD Supply Holdings ( HDS), down 3.4%.

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 $35.8 billion and is part of the financial sector. Shares are up 20.9% 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 solid stock price performance, growth in earnings per share, increase in net income, revenue growth and attractive valuation levels. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.

On the positive front, China Ceramics ( CCCL), up 5.9%, QIWI PLC ADR ( QIWI), up 5.8%, Regional Management ( RM), up 4.8% and Palmetto ( PLMT), up 4.6%.

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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