Bank and thrift stocks posted mixed results aroundmidday Friday, May 6, amid news that the U.S. economy added in April than in March,falling short of consensus estimates and leaving the unemployment rateunchanged at 5.0%.
Total U.S. nonfarm payroll employment rose by 160,000in April. Over the past three months, the economy added an average of 200,000jobs, according to the latest Employment Situation report from the LaborDepartment.
The expected month-over-month job gain for April was200,000, while the consensus estimate for the unemployment rate was 4.9%,according to Econoday data.
Columbus, Ohio-based Huntington Bancshares Inc. saw its stock decline 0.25%to $9.85 around midday. The company recently completed a public offering of 8 million depositaryshares, each representing 0.025 ownership interest in a share of 6.250% seriesD noncumulative perpetual preferred stock.
Banc ofCalifornia Inc. dropped 7.27% to $19.25 in morning trading. TheIrvine, Calif.-based company on Thursday announced the commencement of anunderwritten public offeringof 5,250,000 shares of its voting common stock.
Fishers, Ind.-based First Internet Bancorp, which has a prospectus supplement underwhich it may sell up to $25 million of its common stock through anat-the-market offering, saw its stock fall 1.64% to $25.24 around midday.
Among thrifts, Cleveland-based
Marketprices and index values are current as of the time of publication and aresubject to change.