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

Bank of America Corporation ( BAC) pushed the Banking industry lower today making it today's featured Banking loser. The industry as a whole closed the day down 0.4%. By the end of trading, Bank of America Corporation fell 23 cents (-2.9%) to $7.83 on light volume. Throughout the day, 115.5 million shares of Bank of America Corporation exchanged hands as compared to its average daily volume of 197.1 million shares. The stock ranged in price between $7.82-$8.06 after having opened the day at $8.03 as compared to the previous trading day's close of $8.06. Other company's within the Banking industry that declined today were: Central Federal ( CFBK), down 18.2%, Carver Bancorp ( CARV), down 17.4%, Credit Suisse ( DOIL), down 10.8%, and First Citizens Banc ( FCZA), down 8.7%.

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 $86.86 billion and is part of the financial sector. Shares are up 45% year to date as of the close of trading on Tuesday. Currently there are seven analysts that rate Bank of America Corporation a buy, two analysts rate it a sell, and 15 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 weak operating cash flow.

On the positive front, Hampton Roads Bankshares ( HMPR), up 27.5%, Firstbank Corp Michigan ( FBMI), up 19.1%, Plumas Bancorp ( PLBC), up 16.1%, and Village Bank and Trust Financial Corporatio ( VBFC), up 12.3%, were all gainers within the banking industry with Northern Trust Corporation ( NTRS) being today's featured banking industry winner.

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).

null

More from Markets

Canopy Growth Lets Down Eager Pot Investors; PayPal Keeps Dominating -- ICYMI

Canopy Growth Lets Down Eager Pot Investors; PayPal Keeps Dominating -- ICYMI

Dow, S&P 500 and Nasdaq Tumble After Trump Calls Off North Korea Summit

Dow, S&P 500 and Nasdaq Tumble After Trump Calls Off North Korea Summit

Inside Carnival's Mind Blowing New Horizon Cruise Ship (Video)

Inside Carnival's Mind Blowing New Horizon Cruise Ship (Video)

3 Must Reads on the Market From TheStreet's Top Columnists

3 Must Reads on the Market From TheStreet's Top Columnists

Automakers Slump as Trump Tariffs Threaten Both Manufacturers and Consumers

Automakers Slump as Trump Tariffs Threaten Both Manufacturers and Consumers