Markets

Financial Sector Update for 12/14/2015: JMI, TBBK

Top Financial Shares:

JPM: -0.7%

BAC: +0.1%

WFC: -0.6%

C: -0.3%

USB: flat

Financial shares were mixed in pre-market trade on Monday.

In financial stocks news, Javelin Mortgage Investment ( JMI ) has approved an expansion of the company's share repurchase plan, and announced two measures to reduce expenses by approximately $2.1 million a year.

Shares in the company were flat at $5.78 pre-bell. This is within the lower band of the stock's 52 week trading range between $5.76 and $11.67.

And The Bancorp ( TBBK ), a financial holding company, said Monday that it has appointed John C. Chrystal as interim chief executive officer of the company and president of The Bancorp Bank following the resignation of Frank M. Mastrangelo.

Shares in the company were also unchanged pre-bell at $7.19. This is within the lower band of the stock's 52 week trading range between $6.76 and $11.03.

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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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