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

By
A A A

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 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: ACAS , NGPC

MT Newswires

MT Newswires

More from MT Newswires:

Related Videos

Tiny Homes With Big Appeal
Tiny Homes With Big Appeal          

Stocks

Referenced

Most Active by Volume

270,887,127
    $93.89 unch
225,243,115
  • $40.93 ▼ 2.74%
135,900,109
  • $47.52 ▲ 1.80%
89,467,924
  • $5.35 ▼ 1.11%
85,105,358
  • $16.95 ▼ 0.53%
80,748,539
  • $39.80 ▼ 4.21%
68,491,586
  • $3.57 ▼ 1.79%
62,097,356
  • $100.96 ▼ 0.82%
As of 9/19/2014, 04:15 PM

Find a Credit Card

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