MetLife rises; Capital One preferreds better; Energy Transfer positive

By James McCandless

San Antonio, Jan. 9 – The Thursday preferred trading session was largely positive by the close.

Leading in the secondary again, MetLife, Inc.’s new 4.75% series F non-cumulative preferred stock rose by the close.

The preferreds, trading under the temporary symbol “METFL,” were up 14 cents to close at $25.26 on volume of about 2.5 million shares.

Elsewhere, in the finance space, Capital One Financial Corp.’s 5% series I fixed-rate non-cumulative perpetual preferred stock finished better.

The preferreds (NYSE: COFPrI) gained 8 cents to close at $25.24 with about 706,000 shares trading.

Sector peer First Republic Bank’s 4.7% series J non-cumulative perpetual preferreds followed the market higher.

The preferreds (NYSE: FRCPrJ) improved by 2 cents to close at $25.31 on volume of about 470,000 shares.

In oil and gas, Energy Transfer Operating, LP’s 7.6% series E fixed-to-floating rate cumulative redeemable perpetual preferred units saw positivity.

The preferreds (NYSE: ETPPrE) picked up 11 cents to close at $25.77 with about 454,000 shares trading.

© 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.