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Consider Buying Low on Preferreds

Are we actually out of the woods yet on bank issues? The contagion seemed to reappear this week impacting PacWest Bancorp (PACW) and First Horizon (FHN). At the same time, during his rate update conference, Federal Reserve chair Jerome Powell shared that deposit flows at banks had eased. Should regional banks be nearing a bottom, it could be a good time for buying low on preferreds in an ETF like the American Century Quality Preferred ETF (QPFF A-).

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