Sector Update: Shares Lower Pre-Market on Fed's Plan to Exit Bond-Buying Program

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Top Financial Shares:

JPM: -1.11%

BAC: -1.60%

WFC: -0.79%

C: -1.27%

USB: flat

Financial shares were lower in pre-market trading Thursday, after the Federal Reserve detailed its exit plan for its bond-buying program in minutes released Wednesday from the June meeting of the Federal Open Market Committee.

Bank of America ( BAC ) shares fell pre-market, as U.S. Attorney General Eric Holder said he won't meet with the banking giant regarding its mortgage lawsuit with the Justice Department on the grounds that the two parties are too far apart to hold a productive meeting, according to a report by Reuters. BAC was down 1.3% pre-market at $15.40, in a 52-week range of $13.25 to $18.03.

Waddell & Reed ( WDR ) shares were downgraded to neutral from buy by Citigroup, which lowered its price target to $66 from $71. WDR was inactive pre-market after closing Wednesday at $60.84, in a 52-week range of $44.97 to $76.46.



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This article appears in: Investing , Commodities

Referenced Stocks: BAC , WDR

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