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

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.

Bank of America Corporation ( BAC) pushed the Banking industry lower today making it today's featured Banking laggard. The industry as a whole closed the day down 0.8%. By the end of trading, Bank of America Corporation fell $0.24 (-1.7%) to $13.81 on light volume. Throughout the day, 63,989,724 shares of Bank of America Corporation exchanged hands as compared to its average daily volume of 95,828,600 shares. The stock ranged in price between $13.80-$13.95 after having opened the day at $13.91 as compared to the previous trading day's close of $14.05. Other companies within the Banking industry that declined today were: Credit Suisse ( DGAZ), down 10.0%, Stewardship Financial Corporation ( SSFN), down 8.4%, Credit Suisse ( DSLV), down 8.2% and Credit Suisse ( DOIL), down 7.8%.

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 $151.4 billion and is part of the financial sector. Shares are up 21.4% year to date as of the close of trading on Friday. Currently there are 7 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 good cash flow from operations, solid stock price performance and increase in net income. 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 positive front, Royal Bancshares of Pennsylvania ( RBPAA), up 17.7%, National Bank of Greece ( NBG), up 16.1%, New Century Bancorp ( NCBC), up 8.0% and Bank VA Chesterfield ( BOVA), up 7.0%.

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).

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