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 0.3%. By the end of trading, Bank of America Corporation rose $0.20 (1.2%) to $16.29 on light volume. Throughout the day, 75,425,620 shares of Bank of America Corporation exchanged hands as compared to its average daily volume of 109,145,400 shares. The stock ranged in a price between $16.04-$16.34 after having opened the day at $16.09 as compared to the previous trading day's close of $16.09. Other companies within the Banking industry that increased today were: HMN Financial ( HMNF), up 11.8%, Community Bank Shares of Indiana ( CBIN), up 10.1%, Bbva Banco FrancesS.A ( BFR), up 5.7% and Grupo Financiero Galicia ( GGAL), up 4.8%.

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 $170.0 billion and is part of the financial sector. Shares are up 3.3% year to date as of the close of trading on Monday. Currently there are 8 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 expanding profit margins, solid stock price performance and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the negative front, OptimumBank Holdings ( OPHC), down 5.3%, Firstmerit ( FMER), down 4.9%, Independent Bank Corp (Ionia MI ( IBCP), down 4.7% and AmeriServ Financial ( ASRV), down 4.4% , were all laggards within the banking industry with Zions ( ZION) being today's banking industry laggard.

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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