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Financial Sector Update for 05/12/2016: JPM, BAC, WFC, C, USB, AEG

Top Financial Shares:

JPM: -0.1%

BAC: -0.4%

WFC: +0.2%

C: -1.1%

USB: +0.2%

Financial shares were mostly lower as Thursday's regular session came to a close, weighed by concerns over the U.S. economy following an unexpected surge in weekly unemployment claims, which jumped 20,000 to 294,000, its highest level in more than a year.

In financial stocks news, AEGON NV ( AEG ) reported Q1 net income of EUR 143 million ($163 million) compared to EUR 289 million in the year-ago quarter. Revenues rose to EUR 3.56 billion from EUR 2.63 billion in Q1 2015. Analysts' consensus forecasts weren't available for comparison.

ADRs tumbled 11% in the regular session, closing at $4.92 with a 52-week range of $4.58 - $8.16.

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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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