Markets

Financial Sector Update for 03/09/2016: AFSI

Top Financial Shares:

JPM: +0.5%

BAC: +1.0%

WFC: +0.8%

C: +0.9%

USB: flat

Financial shares were mainly higher in pre-market trade on Wednesday

In financial stocks news, AmTrust Financial Services ( AFSI ), an insurance holding company, said late Tuesday that it has priced an underwritten public offering of 5 million depositary shares at an offering price of $25 per share for total expected gross proceeds of $125 million.

Shares in the company were unchanged at $25.29 pre-bell. The company has traded between $24.20 and $35.94 over the past 52 weeks.

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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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