Bank Of America Preferred Stock Today

BML-PL Preferred Stock  USD 24.15  0.13  0.54%   

Performance

17 of 100

 
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Solid

Odds Of Distress

Less than 9

 
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Low
Bank of America is selling for 24.15 as of the 28th of November 2024. This is a 0.54% down since the beginning of the trading day. The preferred stock's lowest day price was 24.05. Bank of America has less than a 9 % chance of experiencing financial distress in the next few years and had a solid performance during the last 90 days. Equity ratings for Bank of America are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 9th of December 2022 and ending today, the 28th of November 2024. Click here to learn more.
Bank of America Corporation, through its subsidiaries, provides banking and financial products and services for individual consumers, small- and middle-market businesses, institutional investors, large corporations, and governments worldwide. Bank of America Corporation was founded in 1874 and is headquartered in Charlotte, North Carolina. The company has 9.81 B outstanding shares of which 55.68 K shares are currently shorted by private and institutional investors with about 2.2 days to cover all short positions. More on Bank of America

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Bank Preferred Stock Highlights

Thematic IdeaBanking (View all Themes)
Business ConcentrationBanking, Banks - Diversified, Financial Services, Banks - Global, Financial Services (View all Sectors)
Bank of America (BML-PL) is traded on New York Stock Exchange in USA. It is located in Bank of America Corporate Center, Charlotte, NC, United States, 28255 and employs 216,823 people. Bank of America is listed under Banking category by Fama And French industry classification. The company currently falls under 'Mega-Cap' category with a current market capitalization of 258.75 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Bank of America's market, we take the total number of its shares issued and multiply it by Bank of America's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Bank of America operates under Financial Services sector and is part of Banks - Global industry. The entity has 9.81 B outstanding shares of which 55.68 K shares are currently shorted by private and institutional investors with about 2.2 days to cover all short positions. Bank of America has accumulated about 725.06 B in cash with (7.19 B) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 77.61, which can makes it an attractive takeover target, given it will continue generating positive cash flow.
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Ownership Allocation
Bank of America holds a total of 9.81 Billion outstanding shares. Almost 90.3 percent of Bank of America outstanding shares are held by general public with 9.7 % by other corporate entities. Please note that no matter how many assets the company secures, if the real value of the firm is less than the current market value, you may not be able to make money on it.
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Bank of America Risk Profiles

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Bank of America financial ratios help investors to determine whether Bank Preferred Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Bank with respect to the benefits of owning Bank of America security.