Bank of America Preferred Stock Dividend History Analysis
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 4 days ago
0mins
Should l Buy BAC?
Source: NASDAQ.COM
- Dividend History Overview: Bank of America's 7.25% Non-Cumulative Perpetual Convertible Preferred Stock (Series L) recently declared a dividend of $18.125, indicating the company's stable performance in the preferred stock market and enhancing investor confidence in long-term returns.
- ETF Holdings Proportion: According to ETF Finder, Bank of America comprises 11.13% of the AGF U.S. Market Neutral Anti-Beta Fund ETF (BTAL), highlighting its appeal as a stable investment despite the ETF's decline of about 2.2% on the day.
- Stock Performance Comparison: In Tuesday trading, Bank of America's preferred shares (BAC.PRL) rose approximately 0.2%, while common shares (BAC) increased by about 2.2%, suggesting that common stock is outperforming preferred shares, potentially attracting more investor interest in the common stock's growth prospects.
- Market Reaction Analysis: While the preferred shares show relative stability, the rise in common stock may reflect market optimism regarding Bank of America's future growth, prompting investors to monitor its performance amid economic fluctuations.
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Analyst Views on BAC
Wall Street analysts forecast BAC stock price to rise
19 Analyst Rating
15 Buy
4 Hold
0 Sell
Strong Buy
Current: 49.270
Low
55.00
Averages
61.64
High
71.00
Current: 49.270
Low
55.00
Averages
61.64
High
71.00
About BAC
Bank of America Corporation is a bank holding company and a financial holding company. Its segments include Consumer Banking, Global Wealth & Investment Management (GWIM), Global Banking and Global Markets. Consumer Banking segment offers a range of credit, banking and investment products and services to consumers and small businesses. The GWIM includes two businesses: Merrill Wealth Management, which provides tailored solutions to meet clients' needs through a full set of investment management, brokerage, banking and retirement products and Bank of America Private Bank, which provides comprehensive wealth management solutions. Global Banking segment provides a range of lending-related products and services, integrated working capital management and treasury solutions, and underwriting and advisory services. Global Markets segment offers sales and trading services and research services to institutional clients across fixed-income, credit, currency, commodity, and equity businesses.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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