Markets

Financial Sector Update for 12/17/2015: SAN, ISTR

Top Financial Shares:

JPM: +0.3%

BAC: +0.4%

WFC: +0.5%

C: +0.4%

USB: flat

Financial shares were mainly higher in pre-market trade the morning after the Federal Reserve opted to raise interest rates for the first time in nine years, a move which sending global stock markets rallying.

In financial stocks news, Spain-based banking company Banco Santander, S.A ( SAN ) raised its prime rate from 3.25% to 3.50%, effective Thursday (Dec. 17).

American depository receipts of the stock were unchanged at $5.15 in pre-market trading , moving within a 52-week range of $4.85 - $8.74.

And Investar Holding Corporation ( ISTR ) said late Wednesday that it will pay a quarterly dividend on its common stock of $0.0086 per share on January 29 to shareholders of record on January 4.

The bank holding company increased its dividend rate by 5% from the $0.0082 per share paid for the previous quarter.

Shares were unchanged at $17.31 pre-bell, near the high end of the 52-week range of $13.35 - $18.00.

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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