Bank of America Corp's Preferred Stock, Series 2 Crosses Above 7% Yield Territory

In trading on Monday, shares of Bank of America Corp's Floating Rate Non-Cumulative Preferred Stock, Series 2 (BML. RH) were yielding above the 7% mark based on its quarterly dividend (annualized to $1.5966), with shares changing hands as low as $22.75 on the day.