BANK OF AMERICA CORP /DE/ — Form 8-K
Filed October 23, 2026 · analyzed by the 8-K Agent
8-K
— Neutral
significance 18/100
What the filing says
Bank of America Corporation issued 2,000,000 depositary shares (each representing 1/25th of a preferred share), representing $2 billion in gross proceeds at $1,000 per depositary share. The 7.200% Fixed-Rate Reset Non-Cumulative Preferred Stock, Series WW carries a liquidation preference of $25,000 per share, resets every five years beginning October 27, 2031, and is non-cumulative. BofA Securities, Inc. led the underwriting with 1,755,800 shares; 33 co-managers took the remaining 244,200 shares. Settlement occurred October 23, 2026.
Why this rating
Routine capital raise. $2B is 0.57% of company's $351.9B market cap—standard debt-like preferred equity issuance for a megabank. No material business change.
See more from October 23, 2026.
EDGAR·FLOW summarizes public SEC EDGAR filings with automated analysis. Materiality scores and stock-impact predictions are algorithmically generated and are not investment advice. Always verify against the source filing on SEC.gov.