| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers Q > Headlines for Qwest Corp. > News item |
Morning Commentary: Northern Trust, Deutsche Bank higher; Qwest $25-par notes weaker
By James McCandless
San Antonio, July 25 – The preferred space opened the Thursday session with top traders moving in varying directions as the Wells Fargo Hybrid & Preferred Securities Financial index was down 0.08%.
Leading early in the day, asset manager Northern Trust Corp.’s 5.85% series C non-cumulative perpetual preferred stock was trending positively.
The preferreds (Nasdaq: NTRSP) were up 1 cent to $25.10 on volume of about 152,000 shares.
On Wednesday, the company reported second-quarter earnings at a $1.75 per share profit, higher than the $1.68 per share profit that analysts had expected.
Meanwhile, in communications, Qwest Corp.’s 6.5% notes due 2056 opened the session weaker.
The notes (NYSE: CTBB) were losing 7 cents to $24.30 with about 58,000 notes trading.
Sector peer AT&T, Inc.’s 5.35% global notes due 2066 started the day improving.
The notes (NYSE: TBB) were trading up by 2 cents to $26.52 on volume of about 41,000 notes.
In the finance space, Deutsche Bank Contingent Capital Trust II’s 6.55% trust preferred securities were following the morning’s positive trend.
The preferreds (NYSE: DXB) picked up 10 cents to $24.35 with about 30,000 shares trading.
Elsewhere, private equity name Compass Diversified Holdings LLC’s 7.25% series A non-cumulative preferreds and its 7.875% series B fixed-to-floating rate cumulative preferreds were both seen pushing upward.
The series A preferreds (NYSE: CODIPrA) were gaining 10 cents to $23.10 on volume of about 26,000 shares.
The series B preferreds (NYSE: CODIPrB) were better by 13 cents to $24.01 on volume of about 26,000 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.