On Wednesday, Shares of American Express Company (NYSE:AXP), added 2.49% and closed at $68.74 in the last trading session. The last trading range of the stock ranges between $67.06 and $69.00. American Express (AXP) Chief Financial Officer, Jeffrey C. Campbell, will take part in the Bank of America Future of Financials Conference in New York City, on Tuesday, November 15, 2016, at 11:40 a.m. (ET). Mr. Campbell will take part in a question-and-answer session regardingthe company’s business strategy and financial performance.
Prospect Capital Corporation (NASDAQ:PSEC), jumped 1.47% and closed at $7.58 in the last trading session. The last trading range of the stock ranges between $7.07 and $7.70. The company’s Market capitalization is $2.70 Billion with the total Outstanding Shares of 358.37 million. Prospect Capital Corporation (PSEC) (“Prospect”, “our”, or “we”) recently declared financial results for our first fiscal quarter ended September 30, 2016.
For the September 2016 quarter, we earned net investment income (“NII”) of $78.9 million, or $0.22 per weighted average share, down $0.04 per share from the June 2016 quarter, mainly from a decrease in interest and other income following the sale of Harbortouch, which generated $5.1 million of prepayment interest income and $12.9 million of structuring fee income in the June 2016 quarter, or about $0.05 per share. The earnings reduction from Harbortouch was partially offset by raised earnings from new non-control investments made during the September 2016 quarter and lower administration fees.