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 down 0.1%. By the end of trading, Bank of America Corporation rose 19 cents (2.7%) to $7.17 on average volume. Throughout the day, 185.7 million shares of Bank of America Corporation exchanged hands as compared to its average daily volume of 247 million shares. The stock ranged in a price between $6.85-$7.17 after having opened the day at $6.90 as compared to the previous trading day's close of $6.98. Other companies within the Banking industry that increased today were:

Green Bankshares

(

GRNB

), up 9.1%,

Credit Suisse

(

DWTI

), up 8.4%,

Yadkin Valley Financial Corporation

(

YAVY

), up 6.6%, and

First United

(

FUNC

), up 6.4%.

Bank of America Corporation, through its subsidiaries, provides various banking and financial products and services to 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 $73.6 billion and is part of the

financial

sector. Shares are up 25.5% year to date as of the close of trading on Tuesday. Currently there are six analysts that rate Bank of America Corporation a buy, two analysts rate it a sell, and 16 rate it a hold.

TheStreet Ratings rates Bank of America Corporation as a

hold

. Among the primary strengths of the company is its respectable return on equity which we feel is likely to continue. At the same time, however, we also find weaknesses including unimpressive growth in net income, generally poor debt management and weak operating cash flow.

On the negative front,

Village Bank and Trust Financial Corporatio

(

VBFC

), down 15%,

New Century Bancorp

(

NCBC

), down 10.4%,

Atlantic Coast Financial

(

ACFC

), down 9.5%, and

Central Federal

(

CFBK

), down 8.5%, were all losers within the banking industry with

First Horizon National

(

FHN

) 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

).

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