Sector Update: Financial Shares Mixed Pre-Market


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Top Financial Shares:

JPM: +0.03%

BAC: flat

WFC: -0.12%

C: -0.13%

USB: flat

Financial shares were mixed in pre-market trade Wednesday after the jobless claims report and ahead of a manufacturing survey.

In financial stocks news, Education Realty Trust ( EDR ) said it has priced its public offering of 21.3 million shares of its common stock at a price to the public of $10.20 per share.

The company has also granted the underwriters a 30-day option to purchase up to 3.195 million additional shares of common stock, at the price to the public less the underwriting discount.

And, Markit (MRKT), the financial data provider based in London, raised $1.28 billion in its initial public offering. Shares priced at the midpoint of the range at $24.

Finally, Five Oaks Investment ( OAKS ), a firm that invests in, finances and manages a leveraged portfolio of Agency and Non-Agency residential mortgage-backed securities, residential mortgage loans and other mortgage-related investments, said late Wednesday that it has commenced an underwritten public offering of 3,500,000 shares of its common stock.

The company will grant the underwriters a 30-day option to purchase up to an additional 15%, or 525,000 shares, of the common stock.

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
More Headlines for: EDR , OAKS

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