Morning Commentary: U.S. Bancorp preferreds gain; Goldman Sachs higher with market

By James McCandless

San Antonio, Sept. 27 – U.S. Bancorp’s 5.5% series K non-cumulative perpetual preferred stock gained early Thursday, leading secondary trading.

The preferreds (NYSE: USBPrP) were up 8 cents to $25.04 with about 89,000 shares trading.

Elsewhere, the Goldman Sachs Group, Inc.’s series D non-cumulative preferred stock also improved.

The preferreds (NYSE: GSPrD) were up 3 cents to $22.50 on volume of about 68,000 shares.

The Wells Fargo Hybrid & Preferred Securities Financial index was up 0.06% in early trading, adding to a 0.09% gain on Wednesday.

© 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.