robwilson39 Introduction Bank of America's 4.125% fixed-rate series PP preferred shares (NYSE:BAC.PR.P) have performed in line with the iShares Preferred and Income Securities ETF (PFF) so far in 2024, delivering a circa 6% total return: BAC 4.125% Preferreds vs PFF in 2024 (Seeking Alpha) I think the 4.125% preferred shares may outperform should the Fed start easing monetary policy and could provide even greater upside in the event of an eventual US recession. I estimate the series PP shares offer an 1 ...