WaFd Stock: Solid 7.2% Yield From Preferred Shares (NASDAQ:WAFD)

Core Insights - WaFd (NASDAQ: WAFD) is a large regional bank operating in the western United States, experiencing growth due to a merger with Luther Burbank [1] - The bank provides both common and preferred shares, indicating a diversified investment offering [1] Company Overview - WaFd has expanded its market presence through strategic mergers, enhancing its operational capacity and customer base [1] - The bank's focus on income investing through various financial instruments, including common shares, preferred shares, and bonds, reflects its commitment to providing value to investors [1] Investment Focus - The article emphasizes the importance of income investing, suggesting that WaFd's offerings may appeal to investors seeking stable returns [1] - The author has a long position in WaFd's preferred shares, indicating confidence in the bank's financial performance and growth potential [2]