Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers Review > Headlines for 2017 > News item |
Morning Commentary: Preferred primary quiet; preferreds open mixed; Morgan Stanley improves
By Cristal Cody
Tupelo, Miss., Dec. 18 – Preferred stocks opened the week mixed in mostly quiet activity early Monday.
The Wells Fargo Hybrid and Preferred Securities index climbed 10 basis points.
The U.S. iShares Preferred Stock ETF jumped fell 9 bps.
The primary market was quiet with no preferred stock deals announced over the morning.
In early trading, Morgan Stanley’s preferred stocks were active.
The company’s depositary shares (NYSE: MSPrE), which represent 1/1,000th of a share of series E non-cumulative preferred stock, rose 19 cents, or 0.65%, to $29.34.
Morgan Stanley’s series A perpetual floating-rate non-cumulative preferred stock (NYSE: MSPrA) also were active over the morning. The preferreds saw a large trade of about 2 million shares in the previous week. The preferreds rose 5 cents, or 0.23%, to $23.08 early Monday.
© 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.