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 0.7%. By the end of trading, Bank of New York Mellon fell $0.79 (-2.2%) to $34.60 on average volume. Throughout the day, 5,014,011 shares of Bank of New York Mellon exchanged hands as compared to its average daily volume of 6,096,200 shares. The stock ranged in price between $34.60-$35.72 after having opened the day at $35.67 as compared to the previous trading day's close of $35.39. Other companies within the Financial sector that declined today were: Sorrento Therapeutics ( SRNE), down 10.1%, Royal Bancshares of Pennsylvania ( RBPAA), down 9.5%, E*Trade Financial ( ETFC), down 7.8% and GAMCO Investors ( GBL), down 7.8%.

The Bank of New York Mellon Corporation provides various financial products and services in the United States and internationally. Its Investment Management segment provides institutional, intermediary, retirement and retail investment management, distribution, and related services. Bank of New York Mellon has a market cap of $40.0 billion and is part of the financial services industry. Shares are up 1.3% year to date as of the close of trading on Thursday. Currently there are 4 analysts that rate Bank of New York Mellon a buy, 2 analysts rate it a sell, and 7 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, solid stock price performance and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the positive front, Maui Land & Pineapple Company ( MLP), up 23.7%, Kingsway Financial Services ( KFS), up 12.8%, Desarrolladora Homex SAB de CV ADR ( HXM), up 11.9% and Tiptree Financial ( TIPT), up 9.1% , were all gainers within the financial sector with Health Care REIT ( HCN) 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).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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