Bank of America Corp.'s Floating Rate Non-Cumulative Preferred Stock, Series E Shares Cross 4% Yield Mark

In trading on Monday, shares of Bank of America Corp.'s Floating Rate Non-Cumulative Preferred Stock, Series E (NYSE: BAC.PRE) were yielding above the 4% mark based on its quarterly dividend (annualized to $0.9889), with shares changing hands as low as $24.70 on the day. This compares to an average yield of 5.02% in the "Financial" preferred stock category, according to Preferred Stock Channel. As of last close, BAC.PRE was trading at a 0.60% discount to its liquidation preference amount, versus...