Bank Of America Rises On Unusually High Volume (BAC)
NEW YORK (
) --
(NYSE:
) is trading at unusually high volume Wednesday with 248.5 million shares changing hands. It is currently at two times its average daily volume and trading up 39 cents (+2.8%) at $14.31 as of 4 p.m. ET.
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Bank of America has a market cap of $149.63 billion and is part of the financial sector and banking industry. Shares are up 19.9% year to date as of the close of trading on Tuesday.
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.
TheStreet Ratings rates
Bank of America
as a
. 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 find that the company has favored debt over equity in the management of its balance sheet. You can view the full
Bank of America Ratings Report
.
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