The banking industry closed the day down 2%. Waccamaw Bankshares Inc ( WBNK), BancorpSouth Inc ( BXS), Hawthorn Bancshares Inc ( HWBK), and Heartland Financial USA Inc ( HTLF) 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 26 cents (-3.9%) to $6.46 on light volume. Throughout the day, 200.3 million shares of Bank of America Corporation exchanged hands as compared to its average daily volume of 301.7 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 $65.5 billion and is part of the financial sector. Shares are down 49.6% year to date as of the close of trading on Monday. TheStreet Ratings rates Bank of America as a sell. 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.
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