Bank of America Announces Full Redemption of Its Series MM Preferred Stock and Related Depositary Shares
Portfolio Pulse from
Bank of America has announced the full redemption of its Series MM Preferred Stock and related depositary shares. This action involves redeeming all outstanding shares of its Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series MM.
December 26, 2024 | 9:30 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Bank of America is redeeming all outstanding shares of its Series MM Preferred Stock, which may impact the company's capital structure and investor returns.
The redemption of preferred stock can affect the company's capital structure and may influence investor perception. However, it does not directly impact the common stock price in the short term, hence a neutral score.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100