Main Street Capital Corp
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Financials : Capital Markets | Small Cap BlendCompany profile

Main Street Capital Corporation (MSCC) is a principal investment firm. MSCC's principal investment objective is to maximize its portfolio's total return by generating current income from the Company's debt investments and capital appreciation from its equity and equity related investments, including warrants, convertible securities and other rights to acquire equity securities in a portfolio company. It is primarily focused on providing customized debt and equity financing to lower middle market (LMM) companies and debt capital to middle market (Middle Market) companies. It invests primarily in secured debt investments, equity investments, warrants and other securities of LMM companies and in secured debt investments of Middle Market companies. Its investment portfolio includes its investments in LMM portfolio companies, investments in Middle Market portfolio companies and Other Portfolio investments, among others. MSC Adviser I, LLC is the External Investment Manager.

Premarket

Last Trade
Delayed
$43.30
-0.37 (-0.85%)
Bid
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Market Hours

Closing Price
$43.67
Day's Change
0.00 (0.00%)
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B/A Size
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Day's High
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Day's Low
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Volume
(Light)
Volume:
2

10-day average volume:
262,236
2

Bank of America's stock extends selloff after downbeat net interest income outlook

9:29 am ET April 16, 2019 (MarketWatch)
Print

Shares of Bank of America Corp. (BAC) slumped 1.7% in premarket trade Tuesday, extending losses after the start of the post-earnings conference call, after bank's outlook for full-year growth in net interest income (NII) was below expectations. Just prior to the start of the conference call, the stock was down about 0.5% after the bank reported first-quarter earnings (http://www.marketwatch.com/story/bank-of-america-shares-edge-lower-as-first-quarter-revenue-falls-short-2019-04-16) that beat expectations but revenue that fell short. Chief Financial Officer Paul Donofrio said in the conference call that 2019 NII was expected to grow at "roughly half the pace of 2018," according to a transcript provided by FactSet. The FactSet consensus for 2019 NII of $50.12 billion implies 4.3% growth, compared with 2018 growth of 5.3%. Donofrio said the economy is expected to grow more moderately in 2019, resulting in lower longer-term interest rates. The NII warning comes after Well Fargo & Co. (WFC)warned of a NII decline (http://www.marketwatch.com/story/wells-fargos-stock-pulls-a-sharp-u-turn-after-warning-of-a-surprise-net-interest-income-decline-2019-04-12) in its post-earnings conference call earlier this week. BofA's stock has run up 21% year to date through Monday while the S&P 500 has gained 16%.

-Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

April 16, 2019 09:29 ET (13:29 GMT)

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