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Sector Update: Financials Shares Higher As Yellen Prepares For Another Speech

By: MT Newswires
Posted: 3/31/2014 8:17:00 AM
Referenced Stocks: EVER;PSEC

Top Financial Shares:

JPM: +0.75%

BAC: +0.71%

WFC: +1.14%

C: +0.44%

USB: flat

Financial shares were higher Monday in pre-market trade on the final day of trade for the month and ahead of a speech from Federal Reserve Chair Janet Yellen.

In financial stocks news, EverBank Financial ( EVER ) said it has closed the sale of $10.3 billion of unpaid principal balance of Fannie Mae, Freddie Mac and private investor mortgage servicing rights to Green Tree Servicing LLC.

The financial services provider said it also expects to close on the sale of another $1.9 billion of unpaid principal balance of private investor mortgage servicing rights to Green Tree, pending approval at a later date.

And,Prospect Capital Corporation ( PSEC ) said it has increased total commitments to its five-year $1.0 billion revolving credit facility by $35.0 million to $792.5 million in the aggregate.

PSEC trades in a 52-week range of $10.05 to $11.62.