JPMorgan: Preferred Shares May Outperform In A Falling Rate Environment

designer491 Introduction JPMorgan Chase's 4.2% preferred shares (NYSE:JPM.PR.M) have performed in line with the iShares Preferred and Income Securities ETF (PFF) so far in 2024, posting a mid-single digit total return: JPMorgan 4.2% Preferreds vs PFF ETF in 2024 (Seeking Alpha) Compared to the bank's common stock, the returns have been subpar both in 2024 and on a three-year time frame, with the preferred shares underperforming the common ones by a cumulative 50% since June 2021: JPMorgan 4.2% Preffered ...