Sector Update: Financial


Shutterstock photo

Financial shares were mixed in pre-market trade Friday, with no major economic reports on tap.

In financial stocks news, Bank of America ( BAC ) executives have requested to talk with U.S. Attorney General Eric Holder to resolve differences regarding litigation over mortgage securities, Reuters reported Friday morning. The settlement could reach multi-billions of dollars.

BACshares were down 0.6%, trading in a 52-week range of $12.13 to $18.03.

And, Lloyds Banking Group ( LYG ) has sold more shares than it originally intended in its TSB unit, raising 455 million pounds ($755 million), according to reports.

The bank is selling more than 35% of the unit, rather than the 25% initially planned. The opening price was put at 260 pence, valuing the company at 1.3 billion pounds.

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: BAC , LYG

More from MT Newswires


MT Newswires

MT Newswires

Market News, Commodities
Follow on:

Find a Credit Card

Select a credit card product by:
Select an offer:
Data Provided by