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MTBC preferreds rise; Ally Financial declines; AT&T sees improvement
By James McCandless
San Antonio, July 17 – Ending the week, the preferred market was largely carried higher after a week of upward shifts.
Health care IT company MTBC, Inc.’s 11% series A cumulative redeemable perpetual preferred stock rose.
Meanwhile, in the finance space, Ally Financial Inc.’s 8.125% series 2 fixed-to-floating rate trust preferred securities declined.
Sector peer AXA Equitable Holdings, Inc.’s 5.25% series A non-cumulative preferred stock joined the positive trend.
Telecom service name AT&T, Inc.’s 4.75% series C perpetual preferred stock declined by the end of the afternoon.
Elsewhere, insurance provider Allstate, Corp.’s 5.1% series H fixed-rate non-cumulative perpetual preferred stock was lifted.
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