Dow Today: Bank Of America Corporation (BAC) Lower
The
Dow Jones Industrial Average
(
^DJI
) is trading down 53 points (-0.4%) at 12,809 as of Monday, Feb 6, 2012, 10:40 a.m. ET. During this time, 161.7 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 881 issues advancing vs. 1,911 declining with 137 unchanged.
Holding back the Dow today is
(NYSE:
), which is lagging the broader Dow index with a two-cent decline (-0.3%) bringing the stock to $7.82. This single loss is lowering the Dow Jones Industrial Average by 0.15 points or roughly accounting for 0.3% of the Dow's overall loss. Volume for Bank of America Corporation currently sits at 72.2 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 41% year to date as of Friday'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 745, 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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