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 down 175.0 points (-1.2%) at 15,002 as of Wednesday, Jun 5, 2013, 1:50 p.m. ET. During this time, 413.8 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 598.2 million. The NYSE advances/declines ratio sits at 639 issues advancing vs. 2,365 declining with 84 unchanged.
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Holding back the Dow today is Bank of America Corporation (NYSE: BAC), which is lagging the broader Dow index with a 27-cent decline (-2%) bringing the stock to $13.08. This single loss is lowering the Dow Jones Industrial Average by 2.04 points or roughly accounting for 1.2% of the Dow's overall loss. Volume for Bank of America Corporation currently sits at 110.7 million shares traded vs. an average daily trading volume of 138.9 million shares.

Bank of America Corporation has a market cap of $146.07 billion and is part of the financial sector and banking industry. Shares are up 15.1% year to date as of Tuesday's close. The stock's dividend yield sits at 0.3%.

Bank of America Corporation, through its subsidiaries, provides various banking and financial products and services for 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 41.1, 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 impressive record of earnings per share growth, compelling growth in net income and expanding profit margins. However, as a counter to these strengths, we find that the company has favored debt over equity in the management of its balance sheet.

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