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MetLife preferreds gain; Truist Financial declines; Digital Realty drops
By James McCandless
San Antonio, Oct. 13 – The preferred market ended the Tuesday session with top traders being pulled in different directions.
As the volume leader, insurance provider MetLife, Inc.’s 4.75% series F non-cumulative preferreds were up 8 cents to close at $26.84 on volume of about 272,000 shares.
Meanwhile, in the finance space, Truist Financial Corp.’s 4.75% series R non-cumulative perpetual preferred shares were docked 19 cents to close at $26.65 with about 256,000 shares trading.
Sector peer Wells Fargo & Co.’s 4.75% series Z non-cumulative perpetual class A preferreds gained 10 cents to close at $25.44 on volume of about 255,000 shares.
Capital One Financial Corp.’s 4.8% series J fixed-rate non-cumulative perpetual preferreds tacked on 14 cents to close at $24.98 with about 220,000 shares trading.
Elsewhere, REIT Digital Realty Trust, Inc.’s 5.25% series J cumulative redeemable preferreds trailed by 33 cents to close at $26.37 on volume of about 166,000 shares.
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