Bank of America: I Chose A 6% Yielding Preferred Share Over A 5.4% Yield

Spencer Platt/Getty Images News Introduction Bank of America (NYSE:BAC) is one of the largest financial institutions in the United States, and this banking giant with worldwide presence likely doesn’t need a lengthy introduction. While the common shares are well covered here on Seeking Alpha by a myriad of authors, I have been keeping an eye on the preferred equity issued by Bank of America to improve the yield in my portfolio. In this article, I will explain that although the preferred dividends are ve ...