The Dow component leading the way higher looks to be Bank of America Corporation (NYSE:BAC), which is sporting an 11-cent gain (+2.1%) bringing the stock to $5.34. This single gain is lifting the Dow Jones Industrial Average by 0.83 points or roughly accounting for 0.7% of the Dow's overall gain. Volume for Bank of America Corporation currently sits at 11.8 million shares traded vs. an average daily trading volume of 273.6 million shares.
Bank of America Corporation has a market cap of $53.92 billion and is part of the financial sector and banking industry. Shares are down 60.1% year to date as of Wednesday's close. The stock's dividend yield sits at 0.8%.
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.
TheStreet Ratings rates Bank of America Corporation as a sell. The company's weaknesses can be seen in multiple areas, such as its generally weak debt management, weak operating cash flow and generally disappointing historical performance in the stock itself. For the latest updates on the stock market, visit Stock Market Today For the latest updates PRESS CTR + D or visit Stock Market news Today
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