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 0.2%. By the end of trading, Bank of America Corporation rose $0.18 (1.1%) to $16.62 on light volume. Throughout the day, 76,285,795 shares of Bank of America Corporation exchanged hands as compared to its average daily volume of 112,819,100 shares. The stock ranged in a price between $16.34-$16.63 after having opened the day at $16.55 as compared to the previous trading day's close of $16.44. Other companies within the Banking industry that increased today were: Mackinac Financial Corporation ( MFNC), up 9.6%, Elmira Savings Bank Elmira NY ( ESBK), up 6.7%, Carolina Trust Bank ( CART), up 6.4% and Pathfinder Bancorp ( PBHC), up 5.5%.
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 $172.5 billion and is part of the financial sector. Shares are up 5.6% year to date as of the close of trading on Tuesday. Currently there are 7 analysts that rate Bank of America Corporation a buy, 2 analysts rate it a sell, and 12 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 revenue growth, impressive record of earnings per share growth, compelling growth in net income, expanding profit margins and good cash flow from operations. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.