Dow Today: Bank Of America Corporation (BAC) Higher
The
Dow Jones Industrial Average
(
^DJI
) is trading down 12 points at 12,871 as of Thursday, Feb 9, 2012, 10:40 a.m. ET. During this time, 326.1 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 818.6 million. The NYSE advances/declines ratio sits at 990 issues advancing vs. 1,811 declining with 138 unchanged.
The Dow component leading the way higher looks to be
(NYSE:
), which is sporting a seven-cent gain (+0.9%) bringing the stock to $8.20. Volume for Bank of America Corporation currently sits at 182.1 million shares traded vs. an average daily trading volume of 271.9 million shares.
Bank of America Corporation has a market cap of $73.89 billion and is part of the
sector and
industry. Shares are up 46.2% year to date as of Wednesday's close. The stock's dividend yield sits at 0.5%.
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. The company has a P/E ratio of 785, above the average banking industry P/E ratio of 729 and above the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Bank of America Corporation as a
. The company's weaknesses can be seen in multiple areas, such as its generally weak debt management and generally disappointing historical performance in the stock itself.
- You can view the full Bank of America Ratings Report.
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