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 Link.

The Dow Jones Industrial Average ( ^DJI) is trading down 119.0 points (-0.8%) at 14,827 as of Tuesday, Aug 27, 2013, 12:35 p.m. ET. During this time, 257.4 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 547.2 million. The NYSE advances/declines ratio sits at 582 issues advancing vs. 2,376 declining with 94 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 26-cent decline (-1.8%) bringing the stock to $14.24. This single loss is lowering the Dow Jones Industrial Average by 1.97 points or roughly accounting for 1.7% of the Dow's overall loss. Volume for Bank of America Corporation currently sits at 62.7 million shares traded vs. an average daily trading volume of 113 million shares.

Bank of America Corporation has a market cap of $156.53 billion and is part of the financial sector and banking industry. Shares are up 25.5% 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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