PFBC
NASDAQ · Banking
Preferred Bank/Los Angeles
$105.42
-0.43 (-0.41%)
PFBC News29 articles
Market Movers: Micron Surges on AI, Preferred Bank Undervalued
US stock futures edged higher Tuesday amid robust global manufacturing data, while Micron Technology reported a 196% surge in Q2 revenue driven by AI demand.
Mortgage Rates Inch Lower, Affordability Squeeze Persists for Spring Buyers
U.S. mortgage rates edged down slightly, with the 30-year fixed average at 6.43%. However, purchase applications declined and the median monthly payment rose, highlighting ongoing affordability challenges.
Greenwave's Preferred Deal Could Flood Shares by 86%
Greenwave Technology Solutions (GWAV) raised $3.75M via preferred stock, potentially adding 715,649 common shares—86.3% of its count—raising dilution concerns.
DeFi Development Expands CHAD Preferred ATM to $300M for Solana Treasury
DeFi Development Corp. has launched an at-the-market program for 30 million CHAD preferred shares, potentially raising $300M to fund Solana (SOL) acquisitions and strategic initiatives.
PURR Rises 5.5% as Preferred Shares Erase Apparent Discount
PURR rose 5.5% to $12.25 as preferred conversion rights eliminated the visible 7% discount to gross assets. HYPE holdings and cash total $2.61B.
Citi Preferred Stock Premium and Redemption Risks Analyzed
Citigroup Capital XIII (C-N) trades at $26.42, above its $25 redemption value. Investors face a 6.5-month payback period, but the preferred's floating rate and upcoming redemption add risk.
Nuburu Shares Plunge 39% on Dilution Fears from Preferred Stock
Nuburu shares dropped 39% after concerns over dilution from a $73.4 million preferred stock issuance, which dwarfs its $16.3 million common equity market cap.
Bradesco Preferred Shares Surge 4.8% on Inflation Data, Total Return Hits 5.3%
Banco Bradesco preferred shares rose 4.78% Friday, delivering a 5.3% gross return including JCP, as Brazil's June inflation data fueled rate cut expectations.
Energy Transfer's $1.75B Note Swap Could Sidestep Costly Preferred Reset
Energy Transfer (ET) is issuing $1.75B in new notes to redeem costlier preferred units and reduce short-term debt, potentially saving $6.6M annually.
SMCI Rebound Masks Dilution Risk From Preferred Conversion and ATM
SMCI's 7.6% two-session rebound leaves it only 2.7% above its June offering price, while potential dilution from preferred shares and an ATM program could add up to 28% to the share count.
Bradesco Preferred Shares Dip as Ex-Rights Adjustment Dominates Move
Bradesco preferred shares fell 0.69% after adjusting for a R$0.286 net payout, accounting for nearly 70% of the raw price drop. The Ibovespa slipped 0.95%.
FFN Class A Shares Rise After Split, Preferreds Trade at Discount
FFN Class A shares rose 1.08% after a 110-for-100 split, while preferreds trade at C$10.73, below the C$10.90 offering price, with a yield near 7%.
Bradesco's Dividend Date Creates Yield Advantage for Common Shares Over Preferreds
Bradesco's R$3.5 billion JCP payout yields 2.00% gross for common shares, slightly higher than preferreds' 1.91%, with a July 3 record date.
Bradesco Preferred Shares Edge Up Ahead of R$3.5 Billion Payout
Bradesco preferred shares edge up ahead of a R$3.5 billion interest-on-equity payout. Record date is July 3, ex-rights July 6.
Bradesco Preferred Shares Rise Ahead of Interim JCP Record Date
Bradesco preferred shares rose 1.06% on June 29, ahead of the July 3 record date for a R$0.3469 interim JCP payout, offering a gross yield of 1.92%.
Bradesco Preferred Shares Trail Sector Rally as Trading Volume Spikes
Bradesco preferred shares gained 2.6% last week, underperforming the Ibovespa's 3.0% rise. Over half of weekly trading volume occurred on two days when the stock fell.
Strategy's STRC Preferred Stock Plunges, Signaling Bitcoin Funding Stress
Strategy's STRC preferred stock sank 26% to $73.68, far below its $100 par value, as a $13.4 billion unrealized bitcoin loss drove its effective yield to 15.6%, signaling investor concern over funding pressure.
IQST Surges on ULTRANET Deal, Buyback and Preferred Shares Raise Concerns
iQSTEL (IQST) shares jumped 40% on massive volume after a binding deal to acquire 51% of ULTRANET, which could add $130 million in annual revenue. A buyback and preferred-stock conversions cloud the share count.
Strategy's Stock Sale Raises Cash as STRC Preferred Shares Face Headwinds
Strategy Inc sold $335.5M in common stock, boosting cash to $1.4B, while STRC preferred shares trade below par. The move shifts focus from bitcoin accumulation to capital structure stability.
Bradesco Preferred Shares Unchanged as Brazil Central Bank Cuts Selic to 14.25%
Bradesco's preferred shares closed unchanged at R$17.47 after Brazil's central bank cut rates to 14.25% but signaled caution. Investors balance profit recovery against higher loan-loss provisions and inflation risks.
STRC Preferred Shares Slide, Threatening Strategy's Bitcoin Funding Model
Strategy's STRC preferred shares dropped to $82.61, threatening its ability to cheaply raise cash for bitcoin and raising risks of higher dividends or dilution.
BitMine's Ethereum Holdings Surge to 5.62M ETH, Stock Climbs Ahead of Preferred Debut
BitMine Immersion Technologies shares jumped 6.7% to $17.19 after revealing a massive Ethereum treasury of 5.62 million ETH, ahead of its Series A preferred stock listing on the NYSE.
Bitmine Stock Climbs After Preferred Share Sale, Ethereum Accumulation
Bitmine Immersion Technologies shares gained 5.6% to $16.52 after closing a $273.8M preferred stock sale, with proceeds likely for Ethereum purchases and staking. The firm now holds 5.54M ETH, or 4.59% of total supply.
BitMine Stock Plunges After $273.8M Preferred Offering for Ethereum
BitMine shares dropped nearly 11% after announcing a $273.8 million preferred stock offering to support its Ethereum-focused treasury strategy.
BitMine Targets $300M via Preferred Shares to Boost Ethereum Staking
BitMine Immersion Technologies files to sell 3 million Series A preferred shares with a 9.5% dividend to raise $300M for Ethereum staking and treasury growth. Common shares up 5.8%.
BitMine Stock Rises on 9.5% Preferred Share Offering Amid Ether Volatility
BitMine Immersion Technologies shares rose after announcing a 9.5% perpetual preferred stock offering, as the company seeks capital to expand its ether treasury amid falling ETH prices.
MicroStrategy Bolsters Bitcoin Holdings with $1 Billion Purchase via Preferred Stock
MicroStrategy purchased 13,927 Bitcoin for approximately $1 billion, funded entirely by sales of its STRC preferred shares, bringing its total BTC holdings to 780,897.
MicroStrategy Bolsters Bitcoin Holdings with $204M Purchase, Raises Preferred Dividend
MicroStrategy shares climbed over 6% following disclosure of a 3,015 Bitcoin purchase funded by equity sales, while raising its STRC preferred dividend to 11.50%.
MicroStrategy Surges After Hours on Bitcoin Rally, Unveils Preferred Stock Details
MicroStrategy shares climbed nearly 9% in extended trading Friday, mirroring a bitcoin price recovery. The company also detailed its new preferred stock offering and recent cryptocurrency acquisitions.