Bank Of America: 'Busted' Preferred Shares Still Offer A 5.85% Yield

Aug 24, 2024 · Bank of America's Series L preferred shares offer a 5.85% yield and have potential for capital gains. Read how these preferreds fit into an income portfolio.

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Bank Of America: 'Busted' Preferred Shares Still Offer A 5.85% Yield

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Aug 24, 2024 · Bank of America's Series L preferred shares offer a 5.85% yield and have potential for capital gains. Read how these preferreds fit into an income portfolio.

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Bank Of America's Preferred Stock, Series KK Shares Cross 5.5

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Sep 23, 2024 · In trading on Monday, shares of Bank of America Corp's 5.375% Non-Cumulative Preferred Stock, Series KK (NYSE:BAC.PRM) were yielding above the 5.5% mark based on …

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Bank Of America: 'Busted' Preferred Shares Still Offer A 5.85% Yield

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Aug 24, 2024 · Bank of America's Series L preferred shares offer a 5.85% yield and have potential for capital gains. Read how these preferreds fit into an income portfolio. Wednesday, …

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Bank Of America: 'Busted' Preferred Shares Still Offer - One News …

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Bank Of America: 'Busted' Preferred Shares Still Offer A 5.85% Yield • • Markets • One News Page: Saturday, 24 August 2024

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Warren Buffett Trims Bank Of America Stake Further With $845M …

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The transaction followed the insurance behemoth’s ~$982M share sale in America’s second-largest bank, disclosed early this week. ... 'Busted' Preferred Shares Still Offer A 5.85% Yield ...

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Bank Of America Corp. 7% Pfd. Series B - MarketWatch

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Dec 17, 2024 · Yield 3.26%; Dividend $1.75; Ex-Dividend Date Oct 11, ... Bank of America Corp. 7% Pfd. Series B. ... Global Markets, and All Other. The Consumer Banking segment offers …

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FAQs about Bank Of America: 'Busted' Preferred Shares Still Offer A 5.85% Yield Coupon?

Are Bank of America preferred shares a good investment?

Bank of America's pre-tax income decreased slightly, but preferred dividends are well covered with less than 5% of net income. The Series L preferred shares offer a 5.85% yield and have potential for capital gains due to low likelihood of forced conversion. Looking for a helping hand in the market? ...

Are Bank of America's non-callable preferred shares a good idea?

In December of last year, I argued Bank of America’s ( NYSE: BAC) non-callable preferred shares were a good idea to speculate on a rate cut (and on decreasing interest rates on the financial markets). So far, the investment has done what I expected it to do. ...

Who issued a series of preferred stock?

(1) Each series of preferred stock was issued by Bank of America Corporation (the "Corporation"). The final prospectus supplement for each series, if available, is hyperlinked in first column of the table above. ...

Can bank of America convert preferred shares into common shares?

The owner of the preferred shares has the option to convert the shares into 20 common shares, and if the underlying shares are trading at $65/share, Bank of America may force the conversion. ...

Does Bank of America pay preferred dividends?

This indicates the preferred dividends are very well-covered as the bank needed less than 5% of its net income to cover the preferred dividends. As explained in previous articles, the Series L, trading with ( NYSE: BAC.PR.L) as ticker symbol, is a so-called "busted" preferred which cannot be called by Bank of America. ...

Can a company redeem a series of preferred stock?

(2) The Corporation may redeem series of preferred stock on or after the redemption date, in whole or in part, at its option, at the applicable redemption price plus declared and unpaid dividends. Series B and Series L preferred stock do not have early redemption/call rights. ...