5 Financial Services Stocks Dragging The Industry Down

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.

All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 27 points (-0.2%) at 15,858 as of Tuesday, Dec. 17, 2013, 11:55 AM ET. The NYSE advances/declines ratio sits at 997 issues advancing vs. 1,953 declining with 153 unchanged.

The Financial Services industry currently sits down 0.2% versus the S&P 500, which is down 0.5%. On the negative front, top decliners within the industry include KKR ( KKR), down 2.8%, Financial Engines ( FNGN), down 2.6%, Nomura Holdings ( NMR), down 1.9%, Equifax ( EFX), down 1.7% and TD Ameritrade Holding Corporation ( AMTD), down 1.6%.

TheStreet would like to highlight 5 stocks pushing the industry lower today:

5. Bank of New York Mellon ( BK) is one of the companies pushing the Financial Services industry lower today. As of noon trading, Bank of New York Mellon is down $0.23 (-0.7%) to $32.91 on light volume. Thus far, 1.1 million shares of Bank of New York Mellon exchanged hands as compared to its average daily volume of 4.7 million shares. The stock has ranged in price between $32.85-$33.15 after having opened the day at $33.13 as compared to the previous trading day's close of $33.14.

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 $37.8 billion and is part of the financial sector. The company has a P/E ratio of 18.1, above the S&P 500 P/E ratio of 17.7. Shares are up 28.9% year to date as of the close of trading on Monday. Currently there are 3 analysts that rate Bank of New York Mellon a buy, 2 analysts rate it a sell, and 10 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 revenue growth, attractive valuation levels, expanding profit margins, solid stock price performance and growth in earnings per share. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full Bank of New York Mellon Ratings Report now.

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