Bank of America Corporation

(

BAC

) pushed the Banking industry higher today making it today's featured banking winner. The industry as a whole closed the day up 2.1%. By the end of trading, Bank of America Corporation rose 8 cents (1.6%) to $5.25 on average volume. Throughout the day, 295.3 million shares of Bank of America Corporation exchanged hands as compared to its average daily volume of 269.9 million shares. The stock ranged in a price between $5.14-$5.53 after having opened the day at $5.50 as compared to the previous trading day's close of $5.17. Other companies within the Banking industry that increased today were:

Atlantic Coast Financial

(

ACFC

), up 38.5%,

Mercantile Bancorp Inc

(

MBR

), up 34.4%,

Bank VA Chesterfield

(

BOVA

), up 28.8%, and

Tennessee Commerce Bancorp Inc

(

TNCC

), up 21.3%.

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 $52.1 billion and is part of the

financial

sector. Shares are down 61.2% year to date as of the close of trading on Friday.

TheStreet Ratings rates Bank of America as a

sell

. The company's weaknesses can be seen in multiple areas, such as its generally weak debt management, weak operating cash flow and generally disappointing historical performance in the stock itself.

On the negative front,

Carver Bancorp Inc

(

CARV

), down 53.3%,

Dearborn Bancorp Inc

(

DEAR

), down 37.5%,

Southern Connecticut Bancorp

(

SSE

), down 16.9%, and

Community Financial

(

CFFC

), down 15.3%, were all losers within the banking industry with

Synovus Financial

(

SNV

) being today's banking industry loser.

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

).

null