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

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.

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 was unchanged today. By the end of trading, Bank of New York Mellon fell $1.22 (-3.6%) to $32.70 on heavy volume. Throughout the day, 8,066,930 shares of Bank of New York Mellon exchanged hands as compared to its average daily volume of 4,440,900 shares. The stock ranged in price between $32.63-$33.48 after having opened the day at $33.35 as compared to the previous trading day's close of $33.92. Other companies within the Financial Services industry that declined today were: QIWI PLC ADR ( QIWI), down 13.2%, SLM ( SLM), down 9.8%, Direxion Daily Gold Miners Bear 3X Shares ( DUST), down 9.1% and PowerShares DB Commodity Long ETN ( DPU), down 6.2%.

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 $39.2 billion and is part of the financial sector. The company has a P/E ratio of 18.8, above the S&P 500 P/E ratio of 17.7. Shares are down 2.9% year to date as of the close of trading on Thursday. Currently there are 3 analysts that rate Bank of New York Mellon a buy, 2 analysts rate it a sell, and 9 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.

On the positive front, SPDR Russell 1000 ETF ( ONEK), up 13.1%, RCS Capital Corp Class A ( RCAP), up 12.0%, Direxion Daily Gold Miners Bull 3X Shares ( NUGT), up 9.1% and PowerShares DB Commodity Double Long ETN ( DYY), up 7.4% , were all gainers within the financial services industry with Equifax ( EFX) 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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