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

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 higher today making it today's featured banking winner. The industry as a whole closed the day up 1.0%. By the end of trading, Bank of America Corporation rose $0.24 (1.5%) to $16.53 on average volume. Throughout the day, 102,137,993 shares of Bank of America Corporation exchanged hands as compared to its average daily volume of 104,336,300 shares. The stock ranged in a price between $16.30-$16.63 after having opened the day at $16.30 as compared to the previous trading day's close of $16.29. Other companies within the Banking industry that increased today were: Royal Bancshares of Pennsylvania ( RBPAA), up 42.4%, VelocityShares 3x Inverse Natural Gas ETN ( DGAZ), up 14.6%, BBX Capital ( BBX), up 6.8% and First BanCorp ( FBP), up 6.5%.

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 $173.9 billion and is part of the financial sector. Shares are up 4.7% 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 11 rate it a hold.

TheStreet Ratings rates Bank of America Corporation as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, revenue growth and attractive valuation levels. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.

On the negative front, VelocityShares 3x Long Natural Gas ETN ( UGAZ), down 17.8%, Wayne Savings ( WAYN), down 6.1%, Credit Suisse Long/Short Liquid Index ETN ( CSLS), down 5.7% and QC Holdings ( QCCO), down 5.3%.

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).

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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