Sector Update: Financial Shares Inch up Pre-Bell as Investors Try To Decipher Timing of Fed's Tapering

By
A A A

Top Financial Shares:

JPM: -0.60%

BAC: +0.49%

WFC: +0.21%

C: +0.47%

USB: flat

Financial shares are higher in today's pre-market session after markets suffered four consecutive days of declines. Investors are anxious to learn whether the Fed will begin tapering in September or later, so they are scouring economic reports for signs of macroeconomic health, resulting in a volatile market.

In financial stocks news, W&G Investments is bidding up to $2.35 billion to acquire 316 RBS ( RBS ) branches, which the bank is selling as part of the conditions of its bailout in 2008. RBS is flat at $10.53 pre-market.

And Blackstone ( BX ) said late yesterday that it will sell its 50% stake in Broadgate for about $2.66 million. BX is up 1% at $21.68 in pre-market.



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: BX , RBS

MT Newswires

MT Newswires

More from MT Newswires:

Related Videos

Stocks

Referenced

67%
60%

Most Active by Volume

84,725,997
  • $6.69 ▼ 5.11%
68,180,500
  • $3.38 ▼ 1.74%
52,748,572
  • $99.02 ▲ 1.38%
40,996,811
  • $74.92 ▼ 0.36%
37,831,986
  • $15.50 ▼ 0.58%
34,013,720
  • $31.98 ▼ 4.31%
32,417,159
  • $25.59 ▼ 0.78%
31,985,971
  • $54.87 ▲ 1.20%
As of 7/28/2014, 04:05 PM