Goldman Sachs preferreds drop; AT&T’s $25-par notes decline; Energy Transfer lower

By James McCandless

San Antonio, Dec. 20 – The preferred space ended Thursday lower following the broader equity markets.

Leading trading volume, Goldman Sachs Group, Inc.’s series D and series A floating-rate non-cumulative preferred stocks dropped.

The series D preferreds (NYSE: GSPrD) were down 20 cents to close at $17.26 on volume of about 636,000 shares.

The series A preferreds (NYSE: GSPrA) lost 27 cents to close at $17.19 on volume of about 323,000 shares.

Elsewhere in finance, Ally Financial Inc.’s 8.125% series 2 fixed-to-floating rate trust preferreds (NYSE: ALLYPrA) fell 12 cents to close at $25.08 with about 458,000 shares trading.

Deutsche Bank Contingent Capital Trust V’s 8.05% trust preferred securities (NYSE DKT) dropped 8 cents to close at $25.20 on volume of about 423,000 shares trading.

News broke Thursday morning that E.U. regulators had charged it and other banks with participating in an alleged bond price manipulation scheme in the seven years leading up to 2015.

Telecom giant AT&T, Inc.’s 5.35% global notes due 2066 (NYSE: TBB) were down 3 cents to close at $22.15 with about 342,000 notes trading.

In oil and gas, Energy Transfer Partners LP’s 7.375% series C fixed-to-floating rate cumulative preferred units were lower.

The preferreds (NYSE: ETPPrC) saw a 65 cent drop to close at $21.03 on volume of about 261,000 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.