Wall Street fires up deals for preferred shares while the Fed is on hold

Wall Street fires up deals for Preferred Shares with Fed on hold. Fading hopes that the Fed will soon cut rates are prompting US banks to re-evaluate the cost of their preferred stocks. US banks could see a rush of deals for the crucial source of capital in the coming weeks.

Wall Street fires up deals for Preferred Shares with Fed on hold. Fading hopes that the Fed will soon cut rates are prompting US banks to re-evaluate the cost of their preferred stocks. US banks could see a rush of deals for the crucial source of capital for preferred shares.