Sector Update: Financial Shares Lower As Attention Returns to Bond Buying Program

By Staff,

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Top Financial Shares:

JPM: -0.30%

BAC: -0.27%

WFC: -0.19%

C: -0.18%

USB +0.11%

Financial shares are lower in today's pre-market session. Investor fears over a U.S. attack on Syria subsided after President Obama's prime time speech last night and now attention is returning to the timing of the Fed's tapering of its bond-buying program.

In stocks news American Capital ( ACAS ) says it intends to offer $350 million aggregate principal amount of Senior Notes due 2018. American Capital intends to use the net proceeds of this offering for working capital and general corporate purposes, including to make portfolio investments.

ACAS is flat at $13.37 in pre-market.

And, NGP Capital Resources Company ( NGPC ) says its Board of Directors has engaged Keefe, Bruyette & Woods, a Stifel company, as financial advisor to the company in its evaluation of strategic alternatives to enhance stockholder value. Shares were briefly halted late yesterday.

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

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

This article appears in: Investing Commodities
Referenced Stocks: ACAS , NGPC

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