What To Hold: Bank Of America Corporation's Hold Recommendation Reiterated

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.

NEW YORK ( TheStreet) -- Bank of America Corporation (NYSE: BAC) has been reiterated by TheStreet Ratings as a hold with a ratings score of C+. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity and solid stock price performance. However, as a counter to these strengths, we find that the company has favored debt over equity in the management of its balance sheet.

Highlights from the ratings report include:
  • Since the same quarter one year prior, revenues slightly increased by 0.7%. Growth in the company's revenue appears to have helped boost the earnings per share.
  • Compared to its price level of one year ago, BAC is up 64.57% to its most recent closing price of 14.80. Looking ahead, our view is that this company's fundamentals should not have much impact in either direction, allowing the stock to generally move up or down based on the push and pull of the broad market.
  • Net operating cash flow has decreased to $8,227.00 million or 11.51% when compared to the same quarter last year.
  • Although BAC's debt-to-equity ratio of 2.25 is very high, it is currently less than that of the industry average.

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 has a market cap of $156.2 billion and is part of the financial sector and banking industry. The company has a P/E ratio of 23.00, above the S&P 500 P/E ratio of 18.00. Shares are up 26.1% year to date as of the close of trading on Thursday.

You can view the full Bank of America Ratings Report or get investment ideas from our investment research center.

--Written by a member of TheStreet Ratings Staff.

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