Sector Update: Financial Shares Weighed Down by China, Russia Woes

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Top Financial Shares:

JPM: -0.56%

BAC: +0.06%


WFC: flat

C: -0.25%

USB: flat

Financial shares were generally mixed in the pre-market session Friday, amid ongoing tensions in Russia and concerns about growth in China and ahead of consumer-sentiment results.

American Homes 4 Rent ( AMH ) late Thursday reported Q4 funds from operations and revenue weaker than Street view while maintaining its quarterly distribution rate.

The Maryland real-estate investment trust reported a net loss attributable to shareholders of $14.5 million, or $$0.08 per diluted share, compared with a net loss of $7.7 million, or $0.05 per diluted share, in Q3. The company didn't provide updated prior-year figures. AMH was inactive pre-market after closing Thursday at $17.00, near its 52-week high of $17.60.

TICC Capital Corp. ( TICC ) was down about 4% pre-market after the investment company said it has started a public offering of 6 million shares of its common stock. In connection with the offering, the company intends to grant the underwriters an option to purchase up to 900,000 additional shares of common stock.



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: AMH , TICC

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45,543,019
  • $16.75 ▲ 0.12%
44,349,390
  • $132.54 ▲ 0.88%
32,695,176
  • $3.01 ▲ 19.92%
28,073,679
  • $34.76 ▲ 2.75%
27,339,999
  • $9.15 ▼ 3.58%
26,142,754
  • $34.71 ▼ 1.03%
25,357,890
  • $46.90 ▼ 1.10%
24,562,443
  • $15.27 ▼ 1.55%
As of 5/22/2015, 04:15 PM


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