U.S. Bancorp: Still Banking On 7.8% Floating Preferred Yield
The Bancorp(TBBK) Seeking Alpha·2024-07-30 01:24
emyu Introduction U.S. Bancorp (NYSE:USB) is a large regional bank that has weathered the challenges associated with the rapid rise of interest rates. Last month, I discussed the bank’s Series A floating preferred share and how it would be a good holding for income investors. While my interest rate outlook has recently changed, and the expectation of lower rates negatively impacts floating rate preferred shares, I still believe the Series A preferred share is the best equity option offered by U.S. Banco ...