Description:

bac-pb refers to a preferred stock issued by Bank of America Corporation (BAC), a major financial institution listed on the New York Stock Exchange. This preferred stock, specifically designated as BAC-PB, is part of Bank of America's broader capital structure and often provides investors with a higher claim on assets and earnings compared to common stock. Preferred stockholders typically receive regular dividends, though these payments can be deferred at the company’s discretion. Bank of America, being one of the largest banks in the United States, offers this security to investors seeking stable income and a lower risk profile within their investment portfolios.

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