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All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 134 points (-0.7%) at 17,815 as of Tuesday, July 5, 2016, 12:55 PM ET. The NYSE advances/declines ratio sits at 682 issues advancing vs. 2,296 declining with 110 unchanged.

The Financial Services industry currently sits down 0.8% versus the Samp;P 500, which is down 0.8%. On the negative front, top decliners within the industry include OneMain Holdings ( OMF), down 7.1%, Principal Financial Group ( PFG), down 4.8%, Navient ( NAVI), down 4.7%, Credit Acceptance ( CACC), down 4.6% and Blackstone Group ( BX), down 4.4%.

TheStreet would like to highlight 3 stocks pushing the industry lower today:

3. 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 $0.84 (-2.2%) to $37.20 on heavy volume. Thus far, 5.3 million shares of Bank of New York Mellon exchanged hands as compared to its average daily volume of 5.6 million shares. The stock has ranged in price between $37.02-$37.65 after having opened the day at $37.65 as compared to the previous trading days close of $38.04.

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The Bank of New York Mellon Corporation, an investment company, provides financial products and services to institutions, corporations, and high net worth individuals in the United States and internationally. It operates through two segments, Investment Management and Investment Services. Bank of New York Mellon has a market cap of $41.0 billion and is part of the financial sector. Shares are down 7.7% year-to-date as of the close of trading on Friday. Currently there are 8 analysts that rate Bank of New York Mellon a buy, 1 analyst rates it a sell, and 5 rate it a hold.

TheStreet Ratings rates Bank of New York Mellon as a buy. The companys strengths can be seen in multiple areas, such as its growth in earnings per share, increase in net income, attractive valuation levels, good cash flow from operations and expanding profit margins. We feel its strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full Bank of New York Mellon Ratings Report now.

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