Markets

Financial Sector Update for 08/17/2017: GCAP

Top Financial Shares:

JPM: -0.4%

BAC: -0.4%

WFC: -0.2%

C: -0.5%

USB: flat

Financial shares were mainly lower in pre-market trade Thursday.

In financial stocks news, GAIN Capital Holdings ( GCAP ) said Thursday it has priced an offering of $80 million aggregate principal amount of 5.00% convertible senior notes due 2022 in a private placement to qualified institutional buyers.

Shares in the company were unchanged at $6.83 in early trade. The stock has traded between $4.54 and $8.75 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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