Markets
MET

Sector Update: Financial Shares Mixed Ahead of Job Openings Data

Top Financial Shares:

JPM: +0.02%

BAC: -0.38%

WFC: -0.06%

C: +0.04%

USB: flat

Financial shares were mixed in pre-market trade Tuesday ahead of job openings data and wholesale inventory data.

In financial stocks news, Metlife ( MET ) shares were up 2% pre-market Tuesday after it said it will repurchase up to $1 billion in its common shares. The last time the insurance provider repurchased shares was 2008. The shares will be bought back pursuant to existing authorizations from the board of directors.

And, Signature Bank ( SBNY ) shares were down slightly after the bank holding company announced plans late Monday to sell 2.1 million shares of its common stock in an underwritten public offering.

Underwriters participating in the deal will receive 30-day options to purchase up to 315,000 additional shares to cover possible overallotments. The company did not say how it intends to use proceeds from the offering.

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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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