Financial Sector Update for 06/07/2017: OXLC

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Top Financial Shares:

JPM: +0.4%

BAC: +0.7%

WFC: +0.1%

C: +0.4%

USB: +0.3%

Financial shares were mainly higher in early trade on Wednesday.

In financial stocks news, Oxford Lane Capital ( OXLC ), a closed-end management investment company, said Wednesday it has priced an underwritten public offering of 2.5 million shares of its newly designated 6.75% series 2024 term preferred shares at $25 each, raising $62.5 million in gross proceeds.

Shares in the company were 0.1% higher at $10.95 in early trade. The stock has traded between $7.53 and $11.80 over the past 52 weeks.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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This article appears in: Investing , Banking and loans , ETFs
Referenced Symbols: OXLC

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