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Bank Of America Corporation (BAC): Today's Featured Banking 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 America Corporation (BAC) pushed the Banking industry lower today making it today's featured Banking laggard. The industry as a whole closed the day up 0.6%. By the end of trading, Bank of America Corporation fell $0.17 (-1.2%) to $14.44 on average volume. Throughout the day, 138,588,583 shares of Bank of America Corporation exchanged hands as compared to its average daily volume of 96,456,200 shares. The stock ranged in price between $14.44-$14.66 after having opened the day at $14.66 as compared to the previous trading day's close of $14.61. Other companies within the Banking industry that declined today were: Hampton Roads Bankshares (HMPR), down 12.6%, Bank Bradesco (BBDO), down 10.4%, Carrollton Bancorp (CRRB), down 10.3% and OptimumBank Holdings (OPHC), down 8.7%.

Bank of America Corporation, through its subsidiaries, provides various banking and financial products and services for 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 $156.3 billion and is part of the financial sector. Shares are up 25.3% year to date as of the close of trading on Thursday. Currently there are 7 analysts that rate Bank of America Corporation a buy, 2 analysts rate it a sell, and 14 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 good cash flow from operations, solid stock price performance and increase in net income. However, as a counter to these strengths, we find that the company has favored debt over equity in the management of its balance sheet.

On the positive front, Credit Suisse (DSLV), up 16.4%, Bank of the James Financial Group (BOTJ), up 11.8%, Naugatuck Valley Financial Corporation (NVSL), up 11.5% and Porter Bancorp (PBIB), up 10.3% , were all gainers within the banking industry with First Republic Bank (San Francisco CA (FRC) being today's featured banking industry leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the banking industry could consider KBW Bank ETF (KBE) while those bearish on the banking industry could consider ProShares Short KBW Regional Bankng (KRS).

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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