Dow Today: Bank Of America Corporation (BAC) Lower

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Links.

The Dow Jones Industrial Average ( ^DJI) is trading down 64.0 points (-0.4%) at 15,494 as of Monday, Jul 29, 2013, 11:35 a.m. ET. During this time, 142.6 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 586.8 million. The NYSE advances/declines ratio sits at 749 issues advancing vs. 2,148 declining with 102 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.

Holding back the Dow today is Bank of America Corporation (NYSE: BAC), which is lagging the broader Dow index with a 22-cent decline (-1.5%) bringing the stock to $14.51. This single loss is lowering the Dow Jones Industrial Average by 1.67 points or roughly accounting for 2.6% of the Dow's overall loss. Volume for Bank of America Corporation currently sits at 44.5 million shares traded vs. an average daily trading volume of 125.4 million shares.

Bank of America Corporation has a market cap of $159.87 billion and is part of the financial sector and banking industry. Shares are up 26.9% year to date as of Friday'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.

TheStreet Ratings rates Bank of America Corporation as a hold. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, increase in net income and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk and disappointing return on equity.

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 a Deal Like Billionaire Investor Warren Buffett

Here's How to Invest Like a Billionaire

How to Invest Like Billionaire Warren Buffett

How to Live Just Like Billionaire Warren Buffett

Bank Stocks Move Higher Ahead of Federal Reserve Meeting