Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers Review > Headlines for 2019 > News item |
Morning Commentary: Duke Energy preferreds improve; Brighthouse negative; Digital Realty up
By James McCandless
San Antonio, April 3 – The preferred market opened Wednesday slightly positive as the Wells Fargo Hybrid & Preferred Securities Financial index began up by 0.10%.
At the top of early activity, Duke Energy Corp.’s 5.75% series A cumulative redeemable perpetual preferred stock was moving upward.
The preferreds (NYSE: DUKPrA) were up 3 cents to $25.49 on volume of about 146,000 shares.
Meanwhile, insurance provider Brighthouse Financial, Inc.’s 6.6% series A non-cumulative perpetual preferreds started the session negative.
The preferreds (Nasdaq: BHFAP) were losing 4 cents to $25.86 with about 82,000 shares trading.
Elsewhere, real estate investment trust Digital Realty Trust, Inc.’s 5.85% series K cumulative redeemable preferred stock was pushing up.
The preferreds (NYSE: DLRPrK) were up 4 cents to $25.32 on volume of about 52,000 shares.
In the finance space, Wells Fargo & Co.’s 5.5% series X non-cumulative perpetual class A preferred stock was positive.
The preferreds (NYSE: WFCPrX) were adding 2 cents to $25.35 on volume of about 41,000 shares.
Sector peer JPMorgan Chase & Co.’s 6.15% series BB non-cumulative preferred stock was relatively active but flat Wednesday morning.
The preferreds (NYSE: JPMPrH) were level at $26.35 with about 31,000 shares trading.
© 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.