Bank Of America Stock Hits New 52-Week High (BAC)

Bank of America Corporation (NYSE:BAC) hit a new 52-week high Tuesday as it is currently trading at $14, above its previous 52-week high of $13.99 with 39.9 million shares traded as of 10:31 a.m. ET. Average volume has been 128.3 million shares over the past 30 days.
By TheStreet Wire ,

NEW YORK (

TheStreet

) --

Bank of America Corporation

(NYSE:

BAC

) hit a new 52-week high Tuesday as it is currently trading at $14, above its previous 52-week high of $13.99 with 39.9 million shares traded as of 10:31 a.m. ET. Average volume has been 128.3 million shares over the past 30 days.

Bank of America has a market cap of $148.55 billion and is part of the financial sector and banking industry. Shares are up 18.7% year to date as of the close of trading on Monday.

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.

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TheStreet Ratings rates

Bank of America

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 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

.

See all

52-week high stocks

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