WFC - Comparing Wells Fargo Series CC And DD Preferred Stocks
2024-03-16 07:05:00 ET
Summary
- Wells Fargo's offers investors a variety of choices when it comes to their preferred stock offerings, though one was just redeemed.
- Wells Fargo's lowest coupon preferred stock, Pfd DD, offers the best combination of yield and call protection among its preferred stocks.
- Wells Fargo's preferred stocks have comparable yields to Bank of America and JPMorgan Chase, but Citigroup offers higher yields.
Introduction
Writing about bank-issued preferred stock generates high read counts, indicating their interest to the Seeking Alpha community. Having reviewed preferred stocks from other large US banks, this time I chose the two lowest coupon issues available from Wells Fargo & Company ( WFC ), currently the third-largest bank in the US as measured by Total Assets....
Comparing Wells Fargo Series CC And DD Preferred Stocks