Bank of America Corporation (NYSE:BAC) hit a new 52-week high Tuesday as it is currently trading at $12.23, above its previous 52-week high of $12.20 with 152.7 million shares traded as of 2:31 p.m. ET. Average volume has been 158.1 million shares over the past 30 days.
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. NEW YORK ( TheStreet) -- Bank of America Corporation (NYSE: BAC) hit a new 52-week high Tuesday as it is currently trading at $12.23, above its previous 52-week high of $12.20 with 152.7 million shares traded as of 2:31 p.m. ET. Average volume has been 158.1 million shares over the past 30 days. Bank of America has a market cap of $126.75 billion and is part of the financial sector and banking industry. Shares are up 1.3% year to date as of the close of trading on Monday. 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 47, above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Bank of America as a hold. The company's strengths can be seen in multiple areas, such as its expanding profit margins, notable return on equity and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income and generally higher debt management risk. You can view the full Bank of America Ratings Report. See all 52-week high stocks or get investment ideas from our investment research center. It's Official: Action Alerts PLUS beats the S&P 500 with Dividends Reinvested! Cramer and Link were up 16.72% in 2012. Were you? See what they are trading for 14-days FREE.