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Los Angelas, CA -- (SBWIRE) -- 11/27/2012 -- Bank of America Corporation (NYSE:BAC) is a bank holding company, and a financial holding company. Bank of America is a financial institution, serving individual consumers, small and middle market businesses, corporations and Governments with a range of banking, investing, asset management and other financial and risk management products and services.
Bank of America Corporation (NYSE:BAC), which is sporting a six-cent gain (+0.6%) bringing the stock to $9.90. This single gain is lifting the Dow Jones Industrial Average by 0.45 points or roughly accounting for 9% of the Dow's overall gain. Volume for Bank of America Corporation currently sits at 10.6 million shares traded vs. an average daily trading volume of 150.2 million shares.
Bank of America Corporation has a market cap of $106.7 billion and is part of the financial sector and the banking industry. Shares are up 78.1% year to date as of Monday's close. The stock's dividend yield sits at 0.4%.
Bank of America Corporation, through its subsidiaries, provides various banking and financial products and services to individual consumers, small-and middle-market businesses, institutional investors, corporations, and governments in the United States and internationally. The company has a P/E ratio of 14.3, below the S&P 500 P/E ratio of 17.7.
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