Huntington Bancshares (HBAN) announces the redemption of $114M of trust preferred securities,...

|About: Huntington Bancshares In... (HBAN)|By:, SA News Editor

Huntington Bancshares (HBAN) announces the redemption of $114M of trust preferred securities, the latest in a series of banks doing same as they can no longer be counted as capital. The moves have left preferred stock investors scrambling to replace the fat (and safe) yielders, pushing up the prices on what's left in the preferred arena. Preferred stocks (PFF) have smoked the Dow YTD even before dividends.