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 down 3.0 points at 14,051 as of Friday, Mar 1, 2013, 10:35 a.m. ET. During this time, 164.4 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 627.5 million. The NYSE advances/declines ratio sits at 993 issues advancing vs. 1,792 declining with 145 unchanged.
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The Dow component leading the way higher looks to be
Bank of America Corporation (NYSE:
BAC), which is sporting a 17-cent gain (+1.5%) bringing the stock to $11.40. Volume for Bank of America Corporation currently sits at 56 million shares traded vs. an average daily trading volume of 168.9 million shares.
Bank of America Corporation has a market cap of $121.79 billion and is part of the financial sector and banking industry. Shares are down 2.7% year to date as of Thursday'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 45.2, 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 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.
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