tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Bank of America Issues Series UU Preferred Stock

Story Highlights
Bank of America Issues Series UU Preferred Stock

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

Bank of America ( (BAC) ) has shared an update.

On July 24, 2025, Bank of America Corporation issued 100,000 shares of Series UU Preferred Stock and filed a Certificate of Designations to amend its Restated Certificate of Incorporation, detailing the terms of the 6.250% Fixed-Rate Reset Non-Cumulative Preferred Stock. Additionally, the corporation sold 2,500,000 Depositary Shares, each representing a 1/25th interest in a share of the Series UU Preferred Stock, as part of an offering described in their prospectus, impacting their capital structure and shareholder offerings.

The most recent analyst rating on (BAC) stock is a Hold with a $39.00 price target. To see the full list of analyst forecasts on Bank of America stock, see the BAC Stock Forecast page.

Spark’s Take on BAC Stock

According to Spark, TipRanks’ AI Analyst, BAC is a Outperform.

Bank of America’s strong earnings growth and positive technical indicators are the primary drivers of its high score. The bank’s effective capital management and dividend policies enhance its attractiveness. However, financial risks due to leverage and commercial real estate exposures temper the outlook.

To see Spark’s full report on BAC stock, click here.

More about Bank of America

Bank of America Corporation operates in the financial services industry, providing a wide range of banking and financial products and services to individual consumers, small and middle-market businesses, institutional investors, large corporations, and governments worldwide.

Average Trading Volume: 40,381,232

Technical Sentiment Signal: Buy

Current Market Cap: $362.6B

See more insights into BAC stock on TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1