Top Financial Stocks
JPM -0.15%
BAC -0.17%
WFC -0.78%
C +0.21%
USB +0.15%
Financial stocks were slightly lower in late trade, with the NYSE Financial Sector Index slipping less than 0.1% while financial companies in the S&P 500 Index were experiencing a more than 0.3% drop.
In company news, MVC Capital ( MVC ) was little changed Wednesday afternoon, giving a moderate advance earlier today that followed the investment management company disclosing plans for modified dutch auction tender offer for up to $25 million of its common stock priced between $10.40 to $11 per share.
The tender offer is slated to run through Dec. 21, unless extended. The company is expecting to repurchase between 10.8% and 11.4% of its outstanding common stock.
In a related deal,
In other sector news,
(+) UEPS, MasterPayment subsidiary partners with Bitstamp digital currency exchange to facilitate credit card processing and purchases using cryptocurrencies. Financial terms were not disclosed.
(-) PUB, Chief financial officer Wolfgang Muelleck sells 6,231 shares of the bank company's stock at $30.074 apiece and generating nearly $187,400 in gross proceeds. Following the Nov. 20 stock sale, he owns 72,260 shares.