Bank Of America Corp's BML-P-L is an exchange-traded preferred stock in the Banking & Savings sector. At a recent price of $18.85, BML-P-L yields 5.31% on its $25 liquidation preference and 4% coupon. It trades at a discount of 24.6% to par. The issue is non-cumulative, perpetual (no stated maturity), callable on or after 2012-05-21. Distributions are paid quarterly. Figures are derived from market data and SEC filings; confirm details in the prospectus before investing.