Bank Of America Corporation (BAC): Today's Featured Banking Winner

Bank of America Corporation ( BAC) pushed the Banking industry higher today making it today's featured banking winner. The industry as a whole closed the day up 0.4%. By the end of trading, Bank of America Corporation rose $0.27 (2.0%) to $13.78 on average volume. Throughout the day, 122,723,783 shares of Bank of America Corporation exchanged hands as compared to its average daily volume of 128,918,300 shares. The stock ranged in a price between $13.47-$13.80 after having opened the day at $13.54 as compared to the previous trading day's close of $13.51. Other companies within the Banking industry that increased today were: Republic Bancorp ( RBCAA), up 14.2%, MSB Financial Corporation ( MSBF), up 9.8%, Plumas Bancorp ( PLBC), up 8.2% and Credit Suisse ( UOIL), up 7.6%.

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. Bank of America Corporation has a market cap of $144.1 billion and is part of the financial sector. Shares are up 15.2% year to date as of the close of trading on Thursday. Currently there are 8 analysts that rate Bank of America Corporation a buy, 2 analysts rate it a sell, and 14 rate it a hold.

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.

On the negative front, Bank Bradesco ( BBDO), down 9.1%, NB&T Financial Group ( NBTF), down 7.1%, Royal Bancshares of Pennsylvania ( RBPAA), down 7.0% and Athens Bancshares Corporation ( AFCB), down 6.5%.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the banking industry could consider KBW Bank ETF ( KBE) while those bearish on the banking industry could consider ProShares Short KBW Regional Bankng ( KRS).

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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