Bad or good going on past q reports this always bounced up short term no matter what. I read that same article, what's confusing is I also read that they applied for a 30 day delay on earnings, so that there attention is on ongoing stress tests. Don't know which to believe? The article from seeking alpha was very interesting today on the preferred shares outlook. Basically said preferred, was the authors choice to stick with. Cause of the fact common has been diluted in past and appears to be coming again. Also that they could repurchase all the preferred shares, at say 5.00. They have done that before. Same author as the one who writes about the spread.
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