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.
) pushed the Banking industry lower today making it today's featured Banking laggard. The industry as a whole closed the day down 0.6%. By the end of trading, Bank of America Corporation fell $0.21 (-1.4%) to $14.52 on light volume. Throughout the day, 87,767,392 shares of Bank of America Corporation exchanged hands as compared to its average daily volume of 125,383,000 shares. The stock ranged in price between $14.45-$14.70 after having opened the day at $14.65 as compared to the previous trading day's close of $14.73. Other companies within the Banking industry that declined today were:
), down 11.1%,
), down 9.1%,
), down 7.5% and
), down 6.2%.
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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 $159.9 billion and is part of the financial sector. Shares are up 26.9% year to date as of the close of trading on Friday. 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
. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, increase in net income and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk and disappointing return on equity.
- You can view the full Bank of America Corporation Ratings Report.
On the positive front,
), up 21.7%,
), up 14.5%,
), up 8.2% and
), up 7.5% , were all gainers within the banking industry with
) being today's featured banking industry leader.
- Use our banking section to find industry-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 banking industry could consider
) while those bearish on the banking industry could consider
- Find other investment ideas from our top rated ETFs lists.