Dow Today: Bank Of America Corporation (BAC) Leads The Day Higher, United Technologies (UTX) Lags

The Dow Jones Industrial Average ( ^DJI) is trading up 20 points (+0.2%) at 13,272 as of Friday, Mar 16, 2012, 9:35 a.m. ET. During this time, 221.8 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 1,533 issues advancing vs. 986 declining with 184 unchanged.

The Dow component leading the way higher looks to be Bank of America Corporation (NYSE: BAC), which is sporting a 22-cent gain (+2.4%) bringing the stock to $9.46. This single gain is lifting the Dow Jones Industrial Average by 1.67 points or roughly accounting for 8.3% of the Dow's overall gain. Volume for Bank of America Corporation currently sits at 56.4 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 financial sector and banking industry. Shares are up 66.2% year to date as of Thursday's close. The stock's dividend yield sits at 0.5%.

Bank of America Corporation, through its subsidiaries, provides various banking and financial products and services to individual consumers, small-and middle-market businesses, institutional investors, corporations, and governments in the United States and internationally. The company has a P/E ratio of 27.6, below 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 hold. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we also find weaknesses including generally poor debt management and a generally disappointing performance in the stock itself.

Holding back the Dow today is United Technologies (NYSE: UTX), which is lagging the broader Dow index with a 28-cent decline (-0.3%) bringing the stock to $86.60. Volume for United Technologies currently sits at 2.4 million shares traded vs. an average daily trading volume of 4.4 million shares.

United Technologies has a market cap of $70.48 billion and is part of the conglomerates sector and conglomerates industry. Shares are up 18.9% year to date as of Thursday's close. The stock's dividend yield sits at 2.2%.

United Technologies Corporation provides technology products and services to the building systems and aerospace industries worldwide. The company has a P/E ratio of 15.8, above the average conglomerates industry P/E ratio of 14.6 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates United Technologies as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, increase in net income, increase in stock price during the past year and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows low profit margins.
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