Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers A > Headlines for Ally Financial Inc. > News item |
AT&T positive; Truist under pressure; MetLife preferreds weaken
By James McCandless
San Antonio, July 30 – As the Thursday session in the preferred market came to an end, top traders yielded mixed results.
Leading secondary trading, telecom name AT&T, Inc.’s 4.75% series C perpetual preferred stock were up 4 cents to close at $25.08 on volume of about 290,000 shares.
Meanwhile, in the finance space, Truist Financial Corp.’s 5.25% series O non-cumulative perpetual preferred shares were pushed down 26 cents to close at $26.70 with about 271,000 shares trading.
Sector peer JPMorgan Chase & Co.’s 6% series EE non-cumulative preferred stock gained while its 5.75% series DD non-cumulative preferreds slipped.
The series EE preferreds gained 12 cents to close at $28.82 on volume of about 181,000 shares trading.
The series DD preferreds shaved off 1 cent to close at $28.20 on volume of about 165,000 shares.
Ally Financial Inc.’s 8.125% series 2 fixed-to-floating rate trust preferred securities were docked 2 cents to close at $23.95 with about 157,000 shares trading.
Elsewhere, insurance provider MetLife, Inc.’s 4.75% series F non-cumulative preferred shares dipped 4 cents to close at $25.66 on volume of about 136,000 shares.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.