Bank Of America Stock Hits New 52-Week Low (BAC) - NEW YORK (TheStreet) -- Bank of America (NYSE:BAC) hit a new 52-week low Tuesday as it is currently trading at $9.48, below its previous 52-week low of $9.53 with 157.7 million shares traded as of 11:31 a.m. ET. Average volume has been 145 million shares over the past 30 days.
Bank of America has a market cap of $101.3 billion and is part of the financial sector and banking industry. Shares are down 23.5% year to date as of the close of trading on Monday.
Bank of America Corporation, through its subsidiaries, provides banking and financial services to individuals, small- and middle-market businesses, corporations, and governments primarily in the United States and internationally.
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TheStreet Ratings rates Bank of America as a hold. Among the primary strengths of the company is its expanding profit margins over time. At the same time, however, we also find weaknesses including deteriorating net income, generally poor debt management and disappointing return on equity. You can view the full Bank of America Ratings Report.
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