Bank Of America Corporation (BAC): Today's Featured Financial Laggard

Bank of America Corporation (BAC) pushed the Financial sector lower today making it today's featured Financial laggard. The sector as a whole closed the day down 0.4%. By the end of trading, Bank of America Corporation fell 4 cents (-0.6%) to $7.18 on light volume. Throughout the day, 107.5 million shares of Bank of America Corporation exchanged hands as compared to its average daily volume of 173 million shares. The stock ranged in price between $7.10-$7.26 after having opened the day at $7.12 as compared to the previous trading day's close of $7.22. Other company's within the Financial sector that declined today were: MGIC Investment Corporation (MTG), down 64.1%, Knight Capital Group (KCG), down 62.8%, Radian Group (RDN), down 14.1%, and United Security (USBI), down 13.5%.

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Bank of America Corporation, through its subsidiaries, provides various banking and financial products and services to individual consumers, small-and middle-market businesses, institutional investors, corporations, and governments in the United States and internationally. Bank of America Corporation has a market cap of $79.1 billion and is part of the banking industry. The company has a P/E ratio of 5.8, below the average banking industry P/E ratio of 7.8 and below the S&P 500 P/E ratio of 17.7. Shares are up 29.9% year to date as of the close of trading on Wednesday. Currently there are seven analysts that rate Bank of America Corporation a buy, two analysts rate it a sell, and 15 rate it a hold.

TheStreet Ratings rates Bank of America Corporation as a hold. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including generally poor debt management and a generally disappointing performance in the stock itself.

• You can view the full Bank of America Ratings Report.

On the positive front, Credit Suisse (DGAZ), up 22.6%, Och-Ziff Capital Management Group (OZM), up 11.7%, Financial Engines (FNGN), up 11.5%, and Ocwen Financial Corporation (OCN), up 11.5%, were all gainers within the financial sector with Lincoln National Corp (Radnor (LNC) being today's featured financial sector leader.

• Use our financial section to find sector-relevant news.
• Or find some new ideas from our top rated stocks lists.

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).

• Find other investment ideas from our top rated ETFs lists.

For more information on Bank of America Corporation click any of the following:

• Bank of America Corporation Stock Price

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• Bank of America Corporation Earnings

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• Bank of America Corporation Growth Rates

• Bank of America Corporation Balance Sheet

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• Bank of America Corporation Income Statement