The banking industry closed the day down 2.7%. Popular Inc ( BPOP), National Bank of Greece ( NBG), Waccamaw Bankshares Inc ( WBNK), and Bank of Granite Corporation ( GRAN) were all decliners today within the banking industry with Bank of America Corporation ( BAC) being today's featured banking loser. Bank of America Corporation fell 56 cents (-9.2%) to $5.56 on average volume. Throughout the day, 330.1 million shares of Bank of America Corporation exchanged hands as compared to its average daily volume of 277.7 million shares. 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. Bank of America Corporation has a market cap of $64.4 billion and is part of the financial sector. Shares are down 54.1% year to date as of the close of trading on Friday. TheStreet Ratings rates Bank of America as a hold. Among the primary strengths of the company is its expanding profit margins over time. At the same time, however, we also find weaknesses including deteriorating net income, generally poor debt management and disappointing return on equity.
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