2024-05-05 01:00:00 ET
Summary
- Bank of America, one of the world's largest banks, has issued over $6 billion in new preferred stocks since 2017 and provides a coverage ratio of 9.3x.
- This article covers both the Series HH and Series SS fixed-rate preferred stocks issued by Bank of America.
- Because better yields are available for what I perceive as similar risks, I would only rate these two Bank of America preferred stocks as a Hold.
- For investors wanting to own a BAC preferred, my nod would go to the Series SS.
Introduction
Over the past several months, I have been reviewing the main issuers of preferred stocks, banks, and other financial institutions. Based on the high interest overall, and in particular to my first Bank of America Preferred Stock article , I decided to tackle two more issues....
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For further details see:
Reviewing Two Bank Of America Fixed Rate Preferreds As Holds