Public Storage active, unchanged; JPMorgan preferreds rise; AT&T lifted

By James McCandless

San Antonio, Oct. 12 – At the beginning of the week, the preferred space experienced overall positivity, though top traders varied.

Leading the secondary activity, REIT Public Storage’s 3.875% series N cumulative preferred shares held level to close at $25.01 on volume of about 378,000 shares.

Elsewhere, in the finance space, JPMorgan Chase & Co.’s 4.75% series GG non-cumulative preferreds picked up 11 cents to close at $26.96 with about 215,000 shares trading.

Sector peer Capital One Financial Corp.’s 4.8% series J fixed-rate non-cumulative perpetual preferreds shaved off 5 cents to close at $24.84 on volume of about 194,000 shares.

Charles Schwab Corp.’s 6% series C non-cumulative perpetual preferred stock chalked off 7 cents to close at $25.35 with about 180,000 shares trading.

Meanwhile, telecom services provider AT&T, Inc.’s 4.75% series C perpetual preferreds jumped up 19 cents to close at $25.99 on volume of about 189,000 shares.

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