- 5.50% Non-Cumulative Preferred Stock, Series O - $137.50 per share (equivalent to $0.34375 per related Depositary Share).
- 5.45% Non-Cumulative Preferred Stock, Series P - $136.25 per share (equivalent to $0.340625 per related Depositary Share).
AT&T says it will buy Time Warner in $85.4 billion deal that would combine a global telecom operator with the media company steeped in television and film.
A rate hike could prompt borrowers to unwind carry trades, leading to a vicious asset deflationary cycle.
Jim Cramer ponders why M&A is just the start of the story and also wonders what a Democratic sweep would do to the markets.