BA BACPRQ Bank of America Preferred Stock Loading... : Bullish and Bearish Analyst Opinions

The author argues BACPRQ yields 6.75% in qualified dividends while trading well below its $25 call value, offering roughly 60% upside if Fed rates fall to 2% or lower and the issue is called. He frames this as an ~11% compound annual return if the convergence takes 10 years, comparable to historical S&P 500 returns but with a top-tier bank credit rating and lower volatility. The main stated risk is that the upside depends on rates declining, which could take a long time or not happen.