Bank of America Corporation ( BAC) pushed the Banking industry higher today making it today's featured banking winner. The industry as a whole closed the day up 2.1%. By the end of trading, Bank of America Corporation rose 8 cents (1.6%) to $5.25 on average volume. Throughout the day, 295.3 million shares of Bank of America Corporation exchanged hands as compared to its average daily volume of 269.9 million shares. The stock ranged in a price between $5.14-$5.53 after having opened the day at $5.50 as compared to the previous trading day's close of $5.17. Other companies within the Banking industry that increased today were: Atlantic Coast Financial ( ACFC), up 38.5%, Mercantile Bancorp Inc ( MBR), up 34.4%, Bank VA Chesterfield ( BOVA), up 28.8%, and Tennessee Commerce Bancorp Inc ( TNCC), up 21.3%. 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 $52.1 billion and is part of the financial sector. Shares are down 61.2% year to date as of the close of trading on Friday. 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, weak operating cash flow and generally disappointing historical performance in the stock itself.
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