Sector Update: Financials

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Financial shares were generally buoyant in the pre-market session Thursday, ahead of U.S. jobless claims and retail-sales data reports.

In financial-stocks news, Banc of California ( BANC ) reported it swung to a Q4 profit. The multi-bank holding company reported net income available to common shareholders of $2.4 million, or $0.12 per diluted common share, compared with a loss of $3.5 million, or $0.30 per diluted common share, for Q4 2012. Analyst estimates weren't available.

BANC at $13.25 in Wednesday's session, in a 52-week range of $11.00 to $15.88, and was inactive in recent pre-market trading .

Capstead Mortgage ( CMO ), a self-managed real estate investment trust, said early Thursday it will pay a Q1 common dividend of $0.34 per common share on April 17 to stockholders of record as of March 31, 2014. That rate is up from its previous dividend of $0.31 per share.

CMO was inactive in recent pre-market trading after closing Wednesday at $12.86, in a 52-week range of $11.08 to $13.28.



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.

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This article appears in: Investing , Commodities

Referenced Stocks: BANC , CMO

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