MTBC preferreds rise; Ally Financial declines; AT&T sees improvement

By James McCandless

San Antonio, July 17 – Ending the week, the preferred market was largely carried higher after a week of upward shifts.

Health care IT company MTBC, Inc.’s 11% series A cumulative redeemable perpetual preferred stock rose.

Meanwhile, in the finance space, Ally Financial Inc.’s 8.125% series 2 fixed-to-floating rate trust preferred securities declined.

Sector peer AXA Equitable Holdings, Inc.’s 5.25% series A non-cumulative preferred stock joined the positive trend.

Telecom service name AT&T, Inc.’s 4.75% series C perpetual preferred stock declined by the end of the afternoon.

Elsewhere, insurance provider Allstate, Corp.’s 5.1% series H fixed-rate non-cumulative perpetual preferred stock was lifted.

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