Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers B > Headlines for Bank of America Corp. > News item |
AT&T under pressure; First Republic preferreds decline; Allstate better
By James McCandless
San Antonio, Jan. 3 – The end of the week in the preferred market saw negativity from top traders as the overall market shifted higher.
Leading in the secondary, AT&T Inc.’s 5% series A perpetual preferred stock declined by the end of the session.
Elsewhere, in finance, First Republic Bank’s 4.7% series J non-cumulative perpetual preferred stock also saw a decline.
Sector peer Bank of America Corp.’s 5% series LL non-cumulative preferred stock dived as the afternoon ended.
Capital One Financial Corp.’s 5% series I fixed-rate non-cumulative perpetual preferreds joined the negative trend.
Meanwhile, insurance provider Allstate Corp.’s 5.1% series H fixed-rate non-cumulative perpetual preferred stock moved into a better position.
© 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.