JPMorgan preferreds active, edge higher; American Finance gains; Athene improves

By James McCandless

San Antonio, Sept. 20 – The preferred stock market continued the week’s positive run on Friday with bank and financial names among the most active.

At the top of activity, JPMorgan Chase & Co.’s 6.15% series BB non-cumulative preferred stock finished higher.

The preferreds (NYSE: JPMPrH) were up 4 cents to close at $25.84 on volume of about 766,000 shares.

Elsewhere in finance, Capital One Financial Corp.’s 5% series I fixed-rate non-cumulative perpetual preferred stock traded up.

The preferreds (NYSE: COFPrI) picked up 9 cents to close at $24.88 with about 715,000 shares trading.

Sector peer Bank of America Corp.’s 5% series LL non-cumulative preferred stock followed the Friday trend.

The preferreds (NYSE: BACPrN) gained 5 cents to close at $25.13 on volume of about 587,000 shares.

REIT American Finance Trust, Inc.’s 7.5% series A cumulative redeemable perpetual preferreds ended the week on better footing.

The preferreds (Nasdaq: AFINP) rose 7 cents to close at $25.66 with about 246,000 shares trading.

Meanwhile, retirement name Athene Holding Ltd.’s recent 5.625% series B fixed-rate perpetual non-cumulative preference shares improved.

The preferreds, trading under the temporary symbol “ATHHF,” were up 12 cents to close at $25.50 on volume of about 208,000 shares.

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