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AIG

Sector Update: Financial Shares Lower Ahead of First-Quarter Earnings Season

Top Financial Shares:

JPM: -0.52%

BAC: -0.54%

WFC: -0.22%

C: -0.17%

USB: flat

Financial shares were lower in pre-market trade Monday as investors are wary of the upcoming first-quarter earnings season.

In financial stocks news, American International Group Inc. ( AIG ) was unchanged in Friday's late session with the insurance carrier announcing plans to redeem all $750 million of its 3.0% notes due 2015, paying a discount rate of U.S.

Treasuries plus 35 basis points as well as any accrued or unpaid interest.

The company sold the three-year notes in March 2012 at a 99.844% price to the public, according to the final prospectus.

And, Black Rock ( BLK ) said it is expanding its upper ranks with 10 new roles for senior executives, Bloomberg reported Monday.

Black Rock named former chief operating officer Charles Hallac as co-president, among several new appointments.

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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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