| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers D > Headlines for Deutsche Bank Contingent Capital Trust II > News item |
Morning Commentary: Goldman Sachs declines; Telephone & Data Systems, MetLife lower
By James McCandless
San Antonio, Dec. 20 – Trading in the preferred space was negative to start Thursday as the Wells Fargo Hybrid & Preferred Securities Financial index began lower by 0.22%.
At the top of early activity, Goldman Sachs Group, Inc.’s series D and series A floating-rate non-cumulative preferreds were declining to start the session.
The series D preferreds (NYSE: GSPrD) were down 14 cents to $17.32 on volume of about 150,000 shares.
The series A preferreds (NYSE: GSPrA) declined 9 cents to $17.37 on volume of about 94,000 shares.
Elsewhere in finance, Deutsche Bank Contingent Capital Trust V’s 8.05% Trust Preferred Securities and Deutsche Bank Contingent Capital Trust II’s 6.55% Trust Preferred Securities also opened in negative territory.
The 8.05% preferreds (NYSE: DKT) were losing 5 cents to $25.23 with about 122,500 shares trading.
The 6.55% preferreds (NYSE: DXB) started down 14 cents to $23.96 with about 52,000 shares trading.
Early Thursday, news broke that European Union antitrust regulators had charged Deutsche Bank and others with participating in an alleged bond price manipulation scheme over the course of a seven-year period ending in 2015.
JPMorgan Chase & Co.’s 6.15% series BB non-cumulative preferreds traded flat.
The preferreds (NYSE: JPMPrH) were unchanged at $25.42 on volume of about 66,000 shares.
Elsewhere, in the telecom space, Telephone & Data Systems, Inc.’s 5.875% senior notes due 2061 saw an early drop.
The notes (NYSE: TDA) lost 22 cents at the start of the session to $18.93 with about 33,000 notes trading.
Insurance provider MetLife, Inc.’s series A floating-rate non-cumulative preferred stock was also weaker.
The preferreds (NYSE: METPrA) declined 25 cents to $20.35 on volume of about 61,000 shares.
© 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.