Wells Fargo higher; AT&T preferreds gains; Athene tracks better

By James McCandless

San Antonio, April 17 – At the end of the week in preferred trading, volume leaders were mostly seen improving.

In first position by the close, Wells Fargo & Co.’s 4.75% series Z non-cumulative perpetual class A preferreds were up 16 cents to close at $22.98 on volume of about 686,000 shares.

Elsewhere in the finance space, Capital One Financial Corp.’s 5% series I fixed-rate non-cumulative perpetual preferred stock lost 11 cents to close at $21.89 with about 421,000 shares trading.

Sector peer Synchrony Financial’s 5.625% series A non-cumulative perpetual preferreds gained $1.96 to close at $19.83 on volume of about 369,000 shares.

Meanwhile, in telecom, AT&T Inc.’s 4.75% series C perpetual preferred stock gained at the end of the afternoon.

Retirement services name Athene Holding Ltd.’s 6.25% series A fixed-to-floating rate perpetual non-cumulative preference shares tracked better.

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