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Financial Sector Update for 09/09/2015: FSC, MAIN, AIV

Top Financial Shares:

JPM: flat

BAC: +1.05%

WFC: flat

C: +1.16%

USB: flat

Financial shares were showing signs of a rally Wednesday as Asian markets soared.

In financial stocks news, Main Street Capital ( MAIN ) shares were steady after it said it recently led a new portfolio investment totaling $25.0 million of invested capital to facilitate the recapitalization of M.H. Corbin, a manufacturer and distributor of highway safety and traffic management products, under which Main Street funded $20 million.

The provider of long-term debt and equity capital to lower middle market companies and debt capital to middle market companies said its in M.H. Corbin included a combination of first-lien, senior secured term debt and a direct equity investment.

Fifth Street Finance Corp. ( FSC ), a specialty finance company, said it has completed its initial $5 million share repurchase in the month of August. Shares were unchanged pre-bell, near the low end of the 52-week range of $6.01 - $9.89.

Also, Apartment Investment and Management ( AIV ) shares were upgraded by Janney Capital to buy from neutral. Shares were steady at $35.20 pre-market.

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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