Dow Today: Bank Of America Corporation (BAC) Higher

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 Link.

The Dow Jones Industrial Average ( ^DJI) is trading up 54 points (+0.4%) at 15,064 as of Tuesday, Aug 20, 2013, 1:05 p.m. ET. During this time, 251.2 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 559.1 million. The NYSE advances/declines ratio sits at 2,382 issues advancing vs. 622 declining with 88 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 19-cent gain (+1.3%) bringing the stock to $14.34. This single gain is lifting the Dow Jones Industrial Average by 1.44 points or roughly accounting for 2.7% of the Dow's overall gain. Volume for Bank of America Corporation currently sits at 79.1 million shares traded vs. an average daily trading volume of 116.2 million shares.

Bank of America Corporation has a market cap of $154.92 billion and is part of the financial sector and banking industry. Shares are up 24.2% 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.

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 good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk and disappointing return on equity.

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