Dow Today: Bank Of America Corporation (BAC) Higher

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 85 points (+0.6%) at 14,744 as of Tuesday, Jun 25, 2013, 11:35 a.m. ET. During this time, 265.7 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 609.1 million. The NYSE advances/declines ratio sits at 2,151 issues advancing vs. 795 declining with 74 unchanged.
  • EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.

The Dow component leading the way higher looks to be Bank of America Corporation (NYSE: BAC), which is sporting a 30-cent gain (+2.5%) bringing the stock to $12.60. This single gain is lifting the Dow Jones Industrial Average by 2.27 points or roughly accounting for 2.7% of the Dow's overall gain. Volume for Bank of America Corporation currently sits at 65.4 million shares traded vs. an average daily trading volume of 131.9 million shares.

Bank of America Corporation has a market cap of $136.8 billion and is part of the financial sector and banking industry. Shares are up 5.9% year to date as of Monday'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 38.5, 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.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more..
null

If you liked this article you might like

How to Make Your Life Successful Just Like Billionaire Warren Buffett

How to Eat Lunch With Billionaire Warren Buffett

Fed Pares $4.5 Trillion Balance Sheet But Easy-Money Era Isn't Over

Bank Stocks Move Higher as Fed Decides to Start Unwinding Balance Sheet

How to Invest Like Billionaire Warren Buffett