Description:

BAC-PK refers to the Preferred Stock, Series P, Class K of Bank of America Corporation (BAC), a prominent financial services institution listed on the New York Stock Exchange. This specific security is part of Bank of America's complex capital structure designed to manage risk and regulatory requirements while providing investors with a fixed income stream. As preferred stock, BAC-PK typically offers higher priority over common stock in terms of dividends and assets in the event of liquidation, although it generally has less potential for appreciation compared to common shares. Investors interested in this security should consider the terms and conditions outlined by Bank of America for the Series P, Class K preferred stock, including dividend rates and any special provisions that may affect the investment's performance.

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