Markets

Financial Sector Update for 01/21/2016: TCBI, TCPC

Top Financial Shares:

JPM: +0.8%

BAC: +0.4%

WFC: +1.1%

C: +0.6%

USB: +0.8%

Financial shares were mainly higher after The January Philadelphia Fed manufacturing index improved to -3.5 in January, from -10.2 in December.

In financial stocks news, Texas Capital Bancshares ( TCBI ) shares were downgraded to neutral from outperform by Macquarie.

Shares in the company were unchanged at $37.58 pre-bell. The company has traded between $36.07 and $63.70 over the past 52 weeks.

And TCP Capital Corp. ( TCPC ), a specialty finance company, said it its Q4 net investment income rose though its net asset value per share slipped.

Shares in the company were also unchanged at $12.36 pre-bell. The company has traded between $12 and $16.93 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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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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