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Financial Sector Update for 06/27/2017: JPM, BAC, WFC, C, USB, WHF, WFT, ARR

Top Financial Shares:

JPM: +0.1%

BAC: +0.3%

WFC: flat

C: flat

USB: -0.1%

Financial shares were mixed in Tuesday's pre-market trade, as the broader market points to a lower open. Investors are looking ahead to Federal Reserve Chief Janet Yellen's speech in London, as well as data on consumer confidence and the housing market.

In financial stocks news, WhiteHorse Finance ( WHF ) was down 4.7% after it said late Monday it would sell 2.5 million shares to raise funds to invest in secured debt notes in lower middle market companies. It said two stockholders, H.I.G. Bayside Debt & LBO Fund II, L.P. and H.I.G. Bayside Loan Opportunity Fund II, L.P. plan to offer an additional 375,000 shares in the case of overallotments.

In other sector news,

(+) WFT (+1.8%) Prices sale of additional $250 million of 2024 notes to repay loans and provide liquidity

(-) ARR (-4.4%) Unveils public offering of 4.5 million shares

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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