Bank Of America Trades Near 52-Week High
Correction: The original version of this story erroneously reported that Bank of America hit a 52-week low.Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model. NEW YORK ( TheStreet) -- Bank of America Corporation (NYSE: BAC) was trading near a 52-week high on Monday as it changed hands at $9.49, with 19 million shares traded as of 10 a.m. ET. Average volume has been 133.1 million shares over the past 30 days. Bank of America has a market cap of $102.06 billion and is part of the financial sector and banking industry. Shares are up 69.8% year to date as of the close of trading on Friday. 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. The company has a P/E ratio of 13.7, below the average banking industry P/E ratio of 24.9 and below the S&P 500 P/E ratio of 17.7.
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