Triumph Financial: Upgrading 8.3% Yielding Preferred Shares To A Buy
Triumph (TGI) Seeking Alpha·2024-07-01 20:56
ilbusca Introduction Triumph Financial (NASDAQ:TFIN) is a regional bank that has not been immune to the struggles of its peers as interest rates rose sharply in late 2022 and 2023. The bank has a strong focus on the transportation industry as it provides payment technology designed for that sector. Last summer, I detailed why I was avoiding the bank’s preferred shares (NASDAQ:TFINP). Since then, the bank has shown some improvement, but I am still avoiding common shares and rate the preferred shares a bu ...