JPMorgan preferreds end week gaining; Duke Energy moves higher; NiSource better

By James McCandless

San Antonio, April 5 – The preferred market capped off a positive week with more overall improvement on Friday.

At the top of trading, JPMorgan Chase & Co.’s 5.75% series DD and 6% series EE non-cumulative preferreds were gaining.

Elsewhere in finance, Morgan Stanley’s series A floating rate non-cumulative preferreds followed the positive push.

Capital One Financial Corp.’s 6.7% series D fixed rate non-cumulative perpetual preferred stock improved.

Meanwhile, utilities name Duke Energy Corp.’s 5.75% series A cumulative redeemable perpetual preferred stock moved higher.

Sector peer NiSource Inc.’s 6.5% series B fixed rate reset cumulative redeemable perpetual preferreds ended better.

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