The year 2016 had begun on a pessimistic note for the financial markets. The first months witnessed huge sell-offs in the equity markets given the several macroeconomic concerns. Though the markets rebounded slightly in March, it wasn’t sufficient to offset the sell-offs. They had a significant adverse impact on the fundamentals of finance sector stocks.As a result of this, investors have been shying from investing in the Finance industry. However, totally ignoring the sector is not prudent as there are several stocks with an impressive performance history and strong fundamentals, ensuring the investors a profitable investment opportunity.One such banking sector stock is The Bank of New York Mellon Corp. BK. With $1.64 trillion in assets under management, the company continues to drive revenue growth by leveraging its expertise and scale to offer broad-based innovative solutions to clients.Here Are the Reasons Why It’s the Right Time to Own the StockRevenue Strength: Though revenue growth had remained subdued at BNY Mellon owing to a low interest rate environment, the recent pick up in top line suggests that good times lie ahead for the company. The company’s projected sales growth (F1/F0) of 1.52% ensures continuation of the upward trend in revenues.Earnings Per Share Growth: BNY Mellon witnessed earnings per share CAGR of 7.6% over the last 5 years (2011–2015), justifying the 40% increase in share price since 2011.The earnings momentum is expected to continue in the near term as reflected by the company’s projected EPS growth (F1/F0) of 8.66% compared with the industry average rate of 0.43%. Also, the company’s long-term (3-5 years) estimated EPS growth rate of 9.0% (versus the industry growth rate of 7.0%) promises rewards for investors.Effective Expense Management: BNY Mellon’s cost-saving initiatives (launched in 2011) have started yielding results, as witnessed in 2014 and 2015. Further, the first quarter 2016 reflected the same momentum. Despite the adverse impact of regulatory as well as investment-related expenses, the company managed to reduce overall costs.Strong Leverage: BNY Mellon’s debt/equity ratio stands at 0.62 compared to the industry average of 0.94, indicating lower debt level relative to the industry. The financial stability of the company will help it perform better under volatile and unpredictable business environments.Estimates Revisions: The Zacks Consensus Estimate for BNY Mellon rose 3.3% to $3.10 per share for 2016 and 2.4% to $3.46 per share for 2017, over the past 30 days. The positive earnings estimate revisions indicate analysts’ confidence and substantiate the Zacks Rank #2 (Buy) for the stock.Also, BNY Mellon has a decent earnings surprise history. This is indicated from the chart below:Other Stocks to ConsiderSome other finance worth considering includes SEI Investments Co. SEIC, Raymond James Financial, Inc. RJF and LPL Financial Holdings Inc. LPLA. These stocks sport a Zacks Rank #1 (Strong Buy).Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report BANK OF NY MELL (BK): Free Stock Analysis Report RAYMOND JAS FIN (RJF): Free Stock Analysis Report LPL FINL HLDGS (LPLA): Free Stock Analysis Report SEI INVESTMENTS (SEIC): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research