Dow Today: Bank Of America Corporation (BAC) Lower

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

The Dow Jones Industrial Average ( ^DJI) is trading up 28 points (+0.2%) at 13,351 as of Wednesday, Sep 12, 2012, 11:35 a.m. ET. During this time, 273.2 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 581 million. The NYSE advances/declines ratio sits at 1,857 issues advancing vs. 1,016 declining with 131 unchanged.
  • ACTIVE STOCK TRADERS: Get full access to Jim Cramer's thoughts for less than $3/week - sometimes before he says them on TV! Start with a 14-Day Free Trial.

Holding back the Dow today is Bank of America Corporation (NYSE: BAC), which is lagging the broader Dow index with a three-cent decline (-0.3%) bringing the stock to $9. Volume for Bank of America Corporation currently sits at 119.2 million shares traded vs. an average daily trading volume of 129.5 million shares.

Bank of America Corporation has a market cap of $92.47 billion and is part of the financial sector and banking industry. Shares are up 54.3% year to date as of Tuesday'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 6.8, below the average banking industry P/E ratio of 9.1 and below 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 increase in stock price during the past year, 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 higher debt management risk and weak operating cash flow.

FREE from Real Money's Jim Cramer: Winners and Losers Election 2012 - Steps to take NOW so you can profit no matter who is in charge! Free download now.
null