joe2k17 wroteConsidering the situation it is better than nothing
DO NOT BUY THESE. Preferred shares fall under the equity section of a bank, they have a value of ZERO right now, since the banks incurred a lot of losses mainly from government not paying the EBs. Once the banks book these entries, the entire equity section will be wiped out.
That's why banks are getting into fights with the government, since all the politicians that are currently shareholders in these banks will lose all their shares and depositors will become the new shareholders.
You'll be literally burning your money if you buy these shares. Consider them gone in a month or 2.