Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers M > Headlines for MetLife Inc. > News item |
Morning Commentary: Bank of America preferreds add to gains; MetLife declines
By James McCandless
San Antonio, July 3 – Bank of America Corp.’s $1.2 billion issue of 6% series GG non-cumulative preferred stock led secondary trading early Tuesday as the market heads into the Fourth of July holiday.
The preferreds (NYSE: BACPrB) were up 5 cents to $26.19 with about 93,000 shares exchanged.
MetLife, Inc.’s $805 million of 5.625% series E non-cumulative preferred shares continued to trend lower.
The preferreds (NYSE: METPrE) were down 4 cents to $25.55 on volume of about 69,000 shares.
The Wells Fargo Hybrid & Preferred Securities Financial index was up 0.14% in early trading, adding to the 0.46% increase at the market close on Monday.
© 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.