Bank Of America Corporation (BAC): Today's Featured Banking Winner

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 0.9%. By the end of trading, Bank of America Corporation rose 6 cents (0.7%) to $8.26 on light volume. Throughout the day, 158.1 million shares of Bank of America Corporation exchanged hands as compared to its average daily volume of 285 million shares. The stock ranged in a price between $8.17-$8.35 after having opened the day at $8.30 as compared to the previous trading day's close of $8.21. Other companies within the Banking industry that increased today were: Central Federal ( CFBK), up 40%, BancTrust Financial Group ( BTFG), up 19.5%, Plumas Bancorp ( PLBC), up 17.7%, and Rurban Financial ( RBNF), up 15.4%.

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. Bank of America Corporation has a market cap of $88.11 billion and is part of the financial sector. Shares are up 47.7% year to date as of the close of trading on Tuesday. Currently there are five analysts that rate Bank of America Corporation a buy, one analyst rates it a sell, and 17 rate it a hold.

TheStreet Ratings rates Bank of America Corporation as a hold. The company's strengths can be seen in multiple areas, such as its expanding profit margins and notable return on equity. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, generally poor debt management and a generally disappointing performance in the stock itself.

On the negative front, Central Virginia Bankshares ( CVBK), down 35.5%, Sun Bancorp ( SNBC), down 9.4%, Fidelity Bancorp ( FSBI), down 6.7%, and Camco Financial ( CAFI), down 5.9%, were all losers within the banking industry with Credit Suisse Group ( CS) being today's banking industry loser.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the banking industry could consider KBW Bank ETF ( KBE) while those bearish on the banking industry could consider ProShares Short KBW Regional Bankng ( KRS).
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