Bank of America's preferred shares (BAC-PN.US) are influenced by several factors: Interest Rates: Rising interest rates generally decrease preferred stock values as yields become less attractive compared to newer issues.

Credit Rating: Bank of America's creditworthiness directly impacts investor confidence and the perceived risk of owning its preferred stock.

Company Performance: Bank of America's financial health affects its ability to pay dividends on preferred shares, influencing market price.

Market Sentiment: Overall market conditions and investor risk appetite play a role, with preferred stocks often seeing decreased demand during economic uncertainty.

Dividend Yield: Preferred stock prices are sensitive to dividend yield compared to other similar securities.

Redemption Risk: The possibility of Bank of America redeeming the preferred shares at a specific price can limit upside potential.

Liquidity: The trading volume of BAC-PN.US affects its price, with higher liquidity generally leading to more stable prices.

Alternative Investments: Returns available from other fixed income investments affect relative attractiveness.

Inflation: Higher inflation erodes the real value of fixed dividend payments, potentially lowering preferred stock prices.

Economic Conditions: Broad economic indicators like GDP growth and unemployment can influence Bank of America's performance and thus the price of its preferred shares.