Featured Articles
JP Morgan Chase & Co Depositary Shares 6.1% Non Cumulative Preferred Stock Series AA
Tim McPartland | June 19, 2015
Date Issued 5/28/2015Shares Issued 52,000,000 Overallotment Shares 7,800,000S&P Rating BBB- Moodys Rating Baa3Low Investment Grade at IssueSecurity Ticker Symbol JPM-G OTC Temp Ticker JPRGPMarket Traded ON NYSEDividend Payment Paid on the 1st of March, June, September and December beginning on 09/01/2015Quarterly Dividend .381 Annual Dividend 1.525Securities may be redeemed, at the issuers option, as early as 09/01/2020 for a redemption price of $25/share plus accrued…
Stocks Rocket Higher as Greece Burns
Tim McPartland | June 18, 2015
Stocks have shot up today - for who knows what real reason. While Yellen was read as dovish yesterday, todays employment claims report would seem to bolster the case for a rate increase sooner rather than later. One has to really question who is pulling the Wall Street strings this time around. Earnings continue lackluster with forward PE's around 18-19--to…
The FED – Much Ado About Northing
Tim McPartland | June 17, 2015
As suspected would be the case the build-up to the FED announcement was much greater than the event itself. While the media is now spinning the FED statement and press conference as 'dovish' we read it as more of the same. We watched the Yellen press conference and we saw nothing to make us think anything had changed---interest rate decisions…
Valley National Bancorp Sells a Fixed to Floating Preferred Issue
Tim McPartland | June 17, 2015
New Jersey banker Valley National Bancorp (ticker:VLY) has sold a new issue of Fixed to Floating preferred shares and the shares will begin trading tomorrow on the OTC Grey Market.The shares carry an initial coupon of 6.25% which will remain in effect until 2025 which is also the 1st redemption date (fixed to floating issues normally have 10 years to…
Hancock Holding Co 5.95% Subordinated Notes Due 2045
Tim McPartland | June 16, 2015
Date Issued 3/2/2015Shares Issued 6,000,000 Overallotment Shares NoneS&P Rating NR Moodys Rating NRSecurity Ticker Symbol HBHCL Market Traded ON NYSEInterest Payment Paid on the 15th of March, June, September and December beginning on 06/15/2015Quarterly Interest .3719 Annual Interest 1.488Securities may be redeemed, at the issuers option, as early as 06/15/2020 for a redemption price of $25/share plus accrued interest.Dividend Payment Will NOT be…
