Markets

Sector Update: Financial

Financial shares were hesitant in pre-market trade Monday ahead of a slate of economic reports, including the Empire State manufacturing index for June, which is expected to retreat.

In financial stocks news, shares of Prospect Capital ( PSEC ) were down 1.5% pre-market, continuing a decline in Friday's session after New Century Transportation filed for Chapter 7 bankruptcy,

And, Starwood Waypoint Residential Trust ( SWAY ), a single-family rental real estate investment trust, said it has entered into an agreement for an additional $500 million on its revolving credit facility secured by single family residences, increasing the capacity to $1.0 billion.

The credit facility has a term expiring on February 3, 2017 and includes an option to extend the facility for one additional year. The facility also has an accordion feature that permits the company to expand the capacity of the facility to $1.25 billion.

SWAY trades in a 52-week range of $25.50 to $31.04.

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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