◆ Preferred Stock Research

ⓘ Guide

BAC-P-L

BANK OF AMERICA CORP /DE/ · Series L · Banks
Also quoted as: BAC-L, BACprL, BAC.PRL, BAC-PL, BACpL
$1238.50
last price

About this security

BAC-P-L is a 7.25% non-cumulative convertible perpetual preferred stock issued by BANK OF AMERICA CORP /DE/, a Banks issuer. $1000 liquidation preference, current yield 5.85%.

BANK OF AMERICA CORP /DE/: Bank of America Corporation is a Delaware-incorporated bank holding company and financial holding company headquartered in Charlotte, North Carolina. Bank of America is one of the world's largest financial institutions, serving individual consumers, small- and middle-market businesses, institutional investors, large corporations and governments with a full range of banking, investing, asset management and other financial and risk management products and services. It operates in the banking sector and ranks among the largest U.S. banks by assets, with a diversified business spanning consumer banking, wealth management, and corporate and investment banking.

Issuer page — all BANK OF AMERICA CORP /DE/ securities & profile →

Key Stats ✓ terms from SEC 424B5 — verify via link below

Current Yield
5.85%
Annual Dividend
$72.5000
Recent Market Price
$1238.50
Disc/Prem to Par (→ screen)
Recent Ex-Date
2026-04-01
Pay Frequency
quarterly
Cumulative
No
Original Coupon (est.)
7.250%
Call Date
Yield to Call
n/a — not callable
Yield to Worst
5.85%
Liq. Preference
$1000.00
Maturity
Perpetual
Redeemable
No
Convertible
Yes
Issued
2008-05-20
Series
L
Alt. Symbology
BAC-L, BACprL, BAC.PRL, BAC-PL, BACpL

vs. Banks category (73 issues): yield 5.85% vs avg 6.43% · discount +23.9% vs avg -14.7%

Quote

 BAC-P-L (preferred)BAC (common)
Last $1238.50 $56.02
Change +0.86 (+1.56%)
Open$1238.20$55.36
High / Low $1242.00 / $1238.20 $56.19 / $55.26
Prev Close$55.16
Volume3,34132,989,015
52-Week High / Low $1297.88 / $1160.01 $57.55 / $43.36

52-week range based on available history. Shares outstanding / market cap require a fundamentals feed (not in current data plan).

Price

BAC-P-L BAC (common)

Dividend History

Ex-DateAmount / Share
2026-04-01$18.125000
2025-12-31$18.125000
2025-10-01$18.125000
2025-07-01$18.125000
2025-04-01$18.125000
2024-12-31$18.125000
2024-10-01$18.125000
2024-07-01$18.125000
2024-03-28$18.125000
2023-12-28$18.125000
2023-09-28$18.125000
2023-06-29$18.125000

Performance — $10K Calculator

See what an investment in BAC-P-L would be worth today, dividends reinvested.

Dividends reinvested (DRIP) at the close on each ex-date. Full performance page →

🔔 Get dividend & filing alerts for BAC-P-L →

Prospectus (SEC 424B5)

Full Prospectus (SEC filing) →

Other Securities from BANK OF AMERICA CORP /DE/

SymbolTypeCouponPriceYield
BAC-P-B preferred 6.250% 25.12 5.97%
BAC-P-E preferred 4.689% 18.75 5.62%
BAC-P-K preferred 5.875% 24.60 5.97%
BAC-P-M preferred 5.375% 21.38 6.29%
BAC-P-N preferred 5.000% 19.92 6.28%
BAC-P-O preferred 4.375% 17.56 6.23%
BAC-P-P preferred 4.125% 16.74 6.16%
BAC-P-Q preferred 10.000% 17.04 6.24%
BAC-P-S preferred 4.750% 19.06 6.23%

News — BANK OF AMERICA CORP /DE/

Issuer news via Tiingo, tagged to BAC.

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About this site

This site tracks preferred stocks and baby bonds — investments that pay regular, scheduled dividends. Every figure shown is drawn from companies' SEC filings and live market quotes.

What you're looking at
A preferred stock sits between a common stock and a bond. It usually trades near a $25 face value and pays a fixed dividend on a set schedule. Baby bonds are similar, but they are debt that matures on a stated date.
Key terms
YieldAnnual income as a % of the price. Higher means more income — but check why a yield is unusually high.
ParThe face value, almost always $25 — the price the company can redeem the share at.
Discount / PremiumWhether the share trades below par (a discount) or above it (a premium).
Call dateThe first date the company is allowed to buy the share back from you at par.
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