FYI Who says regulation doesn’t benefit investors? Growth-stock investors might grumble about reduced profits from banks that must adhere to the 2010 Dodd-Frank reforms and other regulations. But for conservative investors seeking stable income, such measures have proved to be hugely beneficial.
“Bank fundamentals are the best they’ve been in decades,” says Philippe Bodereau, manager of the Pimco Preferred and Capital Securities fund (ticker: PFANX), which specializes in income-paying bank preferred stocks and their European counterparts, known as Additional Tier-1, or AT1, bank securities. “The post-2008-crisis regulatory push forced [banks] to massively raise their capital and liquidity levels. On average at most big European or U.S. banks, their capital levels that protect us against future losses have been multiplied by three to four times.”
Regards,
Ted
https://www.barrons.com/articles/pimco-stock-fund-bank-of-america-barclays-stock-51571263139?refsec=fundsM* Snapshot PFANX:
https://www.morningstar.com/funds/xnas/pfanx/quote
