Bank Of America Offers Good Alternative To Treasuries: 6.6% Yielding Preferred Shares
Bank of America's Series NN and QQ preferred shares are highlighted as offering a 6.6% yield, positioned as an attractive income alternative to long-dated Treasuries. The article notes BAC's strong operating performance, including rising net interest income and steady loan growth, supports preferred dividend safety, while flagging risks such as shrinking loan loss allowances and sensitivity to long-term interest rates.
Why it matters — The piece assesses BAC's financial strength and preferred-share risk profile, information of direct relevance to investors evaluating the company's income securities.