Below are press releases from companys with preferred stock or baby bonds outstanding – or just of general interest. News is very light at this time, but earnings season starts tomorrow with the community and regional banks reporting later in the month.
I have added in some earnings reports from some smaller banks to get a ‘flavor’ of where they stand relative to commercial real estate loans.
United Community Banks, Inc. Reports Second Quarter Results
UPDATE – Gabelli Funds Presents Talkin’ ‘Bout 3 Generations of Dinsmore Convertible Management
Brunswick Corporation Declares Quarterly Dividend
Wake Forest Bancshares, Inc. Announces Third Quarter Results
Harrow Acquires Santen’s Branded Ophthalmic Portfolio
Western Alliance Bancorporation Reports Second Quarter 2023 Financial Results
Fulton Financial Corporation Announces Second Quarter 2023 Results
Harrow Provides Select Preliminary Second Quarter 2023 Financial Guidance
Hancock Whitney Reports Second Quarter 2023 EPS of $1.35
Schwab Reports Second Quarter Results
Morgan Stanley Second Quarter 2023 Earnings Results
Carrington Mortgage Services Offers 40-Year Loans and Temporary Buydowns
Wells Fargo did FIVE BILLION of thousand dollars preferreds at 7 5/8 down from price talk 8 1/8
I don’t think that’s accurate, IYP – They did 1,725,000 with proceeds totaling $1,707,750,000.00 according to https://www.sec.gov/Archives/edgar/data/72971/000119312523188703/d508320d424b2.htm They did, however, do in addition another issue of $4,250,000,000 of 10 year F/F notes @ 5.57% at the same time… https://www.sec.gov/Archives/edgar/data/72971/000119312523188941/d845621d424b2.htm
The email I got had the amount and a cusip. None of which i could verify. VERY unusual a deal of that size isn’t on the news wires whenever I looked??
I saw a 140 year maturity date!!!
I hear you are correct. What I misread was…. They had IOI’s for over five billion. ‘Only’ inked the 1.7 ish. All institutional.
Carrington Mortgage?
Justin–don’t really know them, but you know stuff is frothy when they start doing 40 year mortgages.