NEW YORK (

TheStreet

) --

Bank of America Corporation

(NYSE:

BAC

) hit a new 52-week low Monday as it is currently trading at $5.98, below its previous 52-week low of $6 with 94.6 million shares traded as of 12:20 p.m. ET. Average volume has been 277.7 million shares over the past 30 days.

Bank of America has a market cap of $64.4 billion and is part of the

financial

sector and

banking

industry. Shares are down 54.1% 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.

  • Practice your BAC trading strategies and win cash in our stock game.

TheStreet Ratings rates Bank of America as a

sell

. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, generally weak debt management, disappointing return on equity, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share. 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

.

null