NEW YORK (

TheStreet

) --

Bank of America Corporation

(NYSE:

BAC

) hit a new 52-week low Monday as it is currently trading at $5.01, below its previous 52-week low of $5.03 with 106.2 million shares traded as of 11:05 a.m. ET. Average volume has been 271.7 million shares over the past 30 days.

Bank of America has a market cap of $53.31 billion and is part of the

financial

sector and

banking

industry. Shares are down 61% 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

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. You can view the full

Bank of America Ratings Report

.

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