Bank Of New York Mellon Corp (BK): Today's Featured Financial 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 sector lower today making it today's featured Financial laggard. The sector as a whole closed the day down 0.3%. By the end of trading, Bank of New York Mellon fell $0.35 (-1.1%) to $31.45 on average volume. Throughout the day, 5,108,690 shares of Bank of New York Mellon exchanged hands as compared to its average daily volume of 4,730,800 shares. The stock ranged in price between $31.38-$31.75 after having opened the day at $31.72 as compared to the previous trading day's close of $31.80. Other companies within the Financial sector that declined today were: China Ceramics ( CCCL), down 17.3%, Howard Bancorp Inc Md ( HBMD), down 16.8%, PowerShares DB Agriculture Short ETN ( ADZ), down 12.0% and iPath Global Carbon ETN ( GRN), down 8.3%.

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 $36.0 billion and is part of the financial services industry. Shares are down 9.0% 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 8 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 increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the positive front, ProShares UltraShort DJ-UBS Commodity ( CMD), up 10.9%, PowerShares DB Agriculture Long ETN ( AGF), up 10.9%, PowerShares DB Base Metals Short ETN ( BOS), up 10.8% and Universal Insurance Holdings ( UVE), up 9.5% , were all gainers within the financial sector with CBRE Group ( CBG) being today's featured financial sector leader.

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).

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