NEW YORK (

TheStreet

) --

Bank of America

(NYSE:

BAC

) hit a new 52-week low Tuesday as it is currently trading at $11.84, below its previous 52-week high of $24.33 with 6.2 million shares traded as of 9:36 a.m. ET. Average volume has been 131.1 million shares over the past 30 days.

Bank of America has a market cap of $118.5 billion and is part of the

financial

sector and

banking

industry. Shares are down 12.4% year to date as of the close of trading on Friday.

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.

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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. You can view the full

Bank of America Ratings Report

.

See all

52-week low stocks

or get investment ideas from our

investment research center

.

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