Goldman Sacks weaker; Energy Transfer preferreds mixed; Annaly Capital better

By James McCandless

San Antonio, July 11 – The preferred space finished the Thursday session with a slightly positive bent.

At the top of trading, Goldman Sachs Group, Inc.’s 5.5% series J fixed-to-floating rate perpetual non-cumulative preferred stock saw a weaker day.

Elsewhere in finance, Deutsche Bank Contingent Capital Trust II’s 6.55% trust preferred securities and Deutsche Bank Contingent Capital Trust V’s 8.05% trust preferred securities were both positive.

Sector peer U.S. Bancorp’s series B floating rate non-cumulative perpetual preferreds saw a slight drop.

Meanwhile, Energy Transfer Operating, LP’s 7.6% series E and 7.625% series D fixed-to-floating rate cumulative redeemable perpetual preferred units were mixed.

REIT Annaly Capital Management, Inc.’s 6.75% series I fixed-to-floating rate cumulative redeemable perpetual preferred stock ended better.

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