Sector Update: Financial Shares Mixed Pre-Market Ahead of Fed Talks

By
A A A

Top Financial Shares:

JPM: -0.29%

BAC: +0.39%

WFC: +0.85%

C: -0.15%

USB: flat

Financial shares were mixed in pre-market trade Friday as three Federal Reserve speakers were scheduled to talk about the future of interest rates.

In financial stocks news, Fifth Street Finance ( FSC ) shares were down about 4% after it commenced a public offering of 13,250,000 shares of its common stock.

FSC plans to grant the underwriters for the offering an option to purchase up to an additional 1,987,500 shares.

All shares will be offered by FSC. Morgan Stanley, UBS Investment Bank, Deutsche Bank Securities and RBC Capital Markets will act as lead book-running managers, and SMBC Nikko will act as joint book-running manager for the offering.

FSC intends to use the net proceeds from this offering to repay debt outstanding under its credit facilities.



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

Copyright (C) 2014 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


This article appears in: Investing , Commodities

Referenced Stocks: FSC

MT Newswires

MT Newswires

More from MT Newswires:

Related Videos

Stocks

Referenced

100%

Most Active by Volume

65,878,391
  • $102.25 ▲ 0.12%
60,267,006
  • $16.01 ▼ 1.17%
45,656,511
  • $13.11 ▼ 4.17%
34,766,553
  • $49.43 ▲ 2.85%
34,661,727
  • $3.60 ▲ 0.28%
29,041,259
  • $19.12 ▼ 0.47%
21,343,464
  • $73.855 ▼ 1.04%
19,552,720
  • $10.85 ▼ 3.13%
As of 8/28/2014, 04:03 PM

Find a Credit Card

Select a credit card product by:
Select an offer:
Search
Data Provided by BankRate.com