Bank Of America Preferreds Offer Interest Rate Protection

2026-02-10 13:17:27 ET

Introduction

Bank of America ( BAC ) is one of the “too big to fail” banks. Along with common shares, the bank has a plethora of preferred shares and bonds for fixed-income investors to choose from. I last covered Bank of America in October, where I switched my thesis to bullish . While I am still holding to that thesis, this analysis focuses on the bank’s preferred shares, which present several opportunities for income investors depending on their interest rate outlook....

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