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.
(
) 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:
(
), down 12.6%,
(
), down 10.4%,
(
TheStreet Recommends
), down 10.3% and
(
), 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
. 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.
- You can view the full Bank of America Corporation Ratings Report.
On the positive front,
(
), up 16.4%,
Bank of the James Financial Group
(
), up 11.8%,
Naugatuck Valley Financial Corporation
(
), up 11.5% and
(
), up 10.3% , were all gainers within the banking industry with
First Republic Bank (San Francisco CA
(
) 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
ProShares Short KBW Regional Bankng
(
).
- Find other investment ideas from our top rated ETFs lists.
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