Wells Fargo Long Duration Preferred: Safe Yield, Discount To Par, And Interest Rate Optionality
Wells Fargo's preferred shares have experienced notable price declines over the past five years. The article discusses the potential benefits of these preferreds, including a safe yield and a discount to par. Additionally, it highlights the interest rate optionality associated with these investments.
- ▪Wells Fargo preferreds WFC.PR.A, WFC.PR.C, WFC.PR.D, and WFC.PR.Z have seen significant price drawdowns over the last five years.
- ▪The preferred shares offer a safe yield, making them an attractive option for investors.
- ▪Investors can benefit from the discount to par on these preferred shares.
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