Earlier this week, Bank of America (BAC 0.76%) announced that it's redeeming roughly $5.5 billion in preferred shares from investors. Boring, right? Not if you're a shareholder in the nation's second largest bank. In the video below, Motley Fool contributor John Maxfield gives three reasons investors should care about this.
Bank of America Exercises Its Fed-Given Rights
By John Maxfield – Apr 5, 2013 at 10:15AM
NYSE: BAC
Bank of America
Market Cap
$392B
Today's Change
(-0.76%) $0.41
Current Price
$53.24
Price as of December 1, 2025 at 4:00 PM ET
Bank of America recently announced that it's redeeming $5.5 billion in preferred shares. Here are three reasons the bank's investors should case about this otherwise boring announcement.
About the Author
I write about banks, trying my best to balance the good and the bad.