The Dow Jones Industrial Average ( ^DJI) is trading down 99.0 points (-0.7%) at 13,140 as of Tuesday, Mar 20, 2012, 9:35 a.m. ET. During this time, 44.8 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 434 issues advancing vs. 2,262 declining with 113 unchanged. The Dow component leading the way higher looks to be Bank of America Corporation (NYSE: BAC), which is sporting a 20-cent gain (+2%) bringing the stock to $9.72. Volume for Bank of America Corporation currently sits at 27.2 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 71.4% year to date as of Monday's close. The stock's dividend yield sits at 0.4%. 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 30.6, 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.
- You can view the full Bank of America Ratings Report.
- You can view the full Caterpillar Ratings Report.