The banking industry closed the day up 2.4%. AmeriServ Financial Inc ( ASRV), First Financial Holdings Inc ( FFCH), Home Federal Bancorp Inc ( HOME), and International Bancshares Corporation ( IBOC) were all winners today within the banking industry with Bank of America Corporation ( BAC) being today's featured banking winner. Bank of America Corporation rose 12 cents (2.1%) to $5.65 on average volume. Throughout the day, 405 million shares of Bank of America Corporation exchanged hands as compared to its average daily volume of 276.1 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 $62 billion and is part of the financial sector. Shares are down 58.5% year to date as of the close of trading on Monday. 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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