BANK OF AMERICA CORP /DE/'s BAC-P-L is an exchange-traded preferred stock in the Banks sector. At a recent price of $1289.90, BAC-P-L yields 5.62% on its $1000 liquidation preference and 7.25% coupon. It trades at a premium of 29.0% to par. The issue is non-cumulative, perpetual (no stated maturity), convertible. Distributions are paid quarterly. Figures are derived from market data and SEC filings; confirm details in the prospectus before investing.