The

banking

industry closed the day down 1.5%.

Carver Bancorp Inc

(

CARV

),

FNB NC Corporation

(

FNBN

),

PremierWest Bancorp

(

PRWT

), and

Enterprise Bancorp Inc

(

EBTC

) were all decliners today within the banking industry with

Bank of America Corporation

(

BAC

) being today's featured banking loser. Bank of America Corporation fell 22 cents (-3.5%) to $6.13 on light volume. Throughout the day, 154.9 million shares of Bank of America Corporation exchanged hands as compared to its average daily volume of 278.5 million shares.

Bank of America Corporation, through its subsidiaries, provides banking and financial services to individuals, small- and middle-market businesses, corporations, and governments primarily in the United States and internationally. Bank of America Corporation has a market cap of $62.4 billion and is part of the

financial

sector. Shares are down 52.4% year to date as of the close of trading on Thursday.

TheStreet Ratings rates Bank of America as a

hold

. Among the primary strengths of the company is its expanding profit margins over time. At the same time, however, we also find weaknesses including deteriorating net income, generally poor debt management and disappointing return on equity.

On the positive front,

TheStreet Recommends

Plumas Bancorp

(

PLBC

),

Princeton National Bancorp Inc

(

PNBC

),

Mackinac Financial Corporation

(

MFNC

), and

Magyar Bancorp Inc

(

MGYR

) were all gainers within the banking industry with

Simmons First National Corporation

(

SFNC

) being today's featured banking industry winner.

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

).

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