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Does anyone know of a free website offering detailed data on preferred shares? I used to use Quantum Online a few years ago, but I can't find all the info I am looking for.
I would like to see data like Current Yield, YTM,YTW,YTC etc. Also details on call provisions.
I want to research some bank preferreds which seem like good bargains. Many are trading much lower than their call price of $25, with current yield higher than 9% and huge capital gains if called.
This article on Seeking Alpha recommends First Horizon Bank Series D preferreds which are trading at $17.70 (current yield 9.3%) and are callable for $25 on May 1, 2024, less than a year away.
TD Bank's deal to buy FHB was blocked by regulators and criticized by Sen. Warren, and TD withdrew their offer and paid a $200m breakup fee. This cause FHB shares, including preferreds to crater. It seems unlikely to go bust, as TD is an experienced acquirer of US regional banks and presumably did enough diligence. But in current environment there is a non-zero risk of liquidation.
https://seekingalpha.com/article/4600460-first-hor...