Increased charges are attracting extra particular person traders to the popular inventory market as a result of yields have risen practically two proportion factors this yr to a spread of 6% to eight%.
Most traders deal with financial institution preferreds since monetary firms similar to
JPMorgan Chase
(ticker: JPM),
Bank of America
(BAC), and
Wells Fargo
(WFC) are the primary issuers within the $350 billion market. The financial institution preferreds now yield round 6%.
