Goldman Sachs preferreds rise; AT&T $25-par notes improve; Dominion Energy positive

By James McCandless

San Antonio, Jan. 4 – An end-of-week rally in the market as a whole led to gains in the preferred space.

Leading trading volume once again was Goldman Sachs Group, Inc.’s 5.5% series J fixed-to-floating rate perpetual non-cumulative preferreds and its series D floating-rate non-cumulative preferreds.

The series J preferreds (NYSE: GSPrJ) were up 24 cents to close at $24.50 on volume of about 658,000 shares.

The series D preferreds (NYSE: GSPrD) were up 31 cents to close at $18.10 on volume of about 441,000 shares.

Elsewhere in finance, Ally Financial Inc.’s 8.125% series 2 fixed-to-floating rate trust preferred securities were up.

The preferreds (NYSE: ALLYPrA) gained 12 cents to close at $25.63 with about 340,000 shares trading.

JPMorgan Chase & Co.’s 5.75% series DD non-cumulative preferred stock joined the positive trend.

The preferreds (NYSE: JPMPrD) added 8 cents to close at $25.09 on volume of about 332,000 shares.

In telecom, AT&T Inc.’s 5.35% global notes due 2066 saw another boost.

The notes (NYSE: TBB) were up 21 cents to close at $22.99 with about 182,000 notes trading.

Utilities name Dominion Energy, Inc.’s 5.25% 2016 series A enhanced junior subordinated notes due 2076 rose.

The notes (NYSE: DRUA) picked up 16 cents to close at $23.12 on volume of about 156,000 notes.

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