The

Dow Jones Industrial Average

(

^DJI

) is trading up 152 points (+1.2%) at 12,606 as of Tuesday, May 29, 2012, 10:35 a.m. ET. During this time, 141 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 728.1 million. The NYSE advances/declines ratio sits at 2,481 issues advancing vs. 395 declining with 92 unchanged.

Wednesday, May 30, 2012 is the ex-dividend date for Dow component

Bank of America Corporation

(NYSE:

BAC

). Owners of shares as of market close today will be eligible for a dividend of one cent per share. At a price of $7.28 as of 10:35 a.m. ET, the dividend yield is 0.6% compared to the average Dow component yield of 2.9%.

The average volume for Bank of America Corporation has been 243 million shares per day over the past 30 days. Bank of America Corporation has a market cap of $77.05 billion and is part of the

financial

sector and

banking

industry. Shares are up 28.6% year to date as of Friday's close.

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.

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TheStreet Ratings rates Bank of America Corporation as a

hold

. The company's strengths can be seen in multiple areas, such as its expanding profit margins and notable return on equity. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, generally poor debt management and weak operating cash flow.

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