NEW YORK (

TheStreet

) --

Bank of America Corporation

(NYSE:

BAC

) hit a new 52-week high Friday as it is currently trading at $15.68, above its previous 52-week high of $15.60 with 18.3 million shares traded as of 9:50 a.m. ET. Average volume has been 90.7 million shares over the past 30 days.

Bank of America has a market cap of $161.49 billion and is part of the financial sector and banking industry. Shares are up 34.3% year to date as of the close of trading on Thursday.

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. The company has a P/E ratio of 23.3, above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates

Bank of America

TheStreet Recommends

as a

hold

. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity and solid stock price performance. 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 Ratings Report

.

See all

52-week high stocks

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