Athene moves up; Signature Bank preferreds better; AT&T declines

By James McCandless

San Antonio, Dec. 24 – On the last day of the holiday-shortened week, the preferred space closed on a net positive.

Leading the session’s secondary activity, retirement name Athene Holding Ltd.’s 4.875% series D fixed-rate perpetual non-cumulative preference shares were up 6 cents to close at $25.06 on volume of about 288,000 shares.

Meanwhile, in the finance space, Signature Bank’s 5% series A non-cumulative perpetual preferreds pushed up 10 cents to close at $25.25 with about 237,000 shares trading.

Sector peer Bank of America Corp.’s 6.2% series CC non-cumulative preferreds were docked 1 cent to close at $25.36 on volume of about 133,000 shares.

Ally Financial, Inc.’s 8.125% series 2 fixed-to-floating rate trust preferred securities moved down 6 cents to close at $26.41 with about 106,000 shares trading.

Elsewhere, telecom company AT&T, Inc.’s 5% series A cumulative perpetual preferreds shaved off 3 cents to close at $27.17 on volume of about 65,000 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.