Financial Sector Update for 01/03/2019: BDN,CART,PCSB,DB,UBS

Shutterstock photo

Top Financial Stocks

JPM -0.77%

BAC -0.88%

WFC +0.02%

C -0.86%

USB -0.74%

Financial stocks declined in afternoon trading, including a more than 0.6% slide for the NYSE Financial Index while shares of financial companies in the S&P 500 were falling almost 1.6%. The Philadelphia Housing Index still was up about 0.1% just ahead of Thursday's close.

Among financial stocks moving on news:

(+) Brandywine Realty Trust ( BDN ) climbed over 3% on Thursday after the real estate investment trust said its board of directors has authorized a new stock buyback program for up to $150 million of its common shares.

In other sector news:

(+) Carolina Trust BancShares ( CART ) was over 4% higher in late Thursday trading, reversing a narrow loss previously in the session that followed the bank holding company Thursday saying it has wrapped up its acquisition of Clover Community Bankshares.

(+) PCSB Financial ( PCSB ) was ending fractionally higher on Thursday after completing its conversion to a New York-chartered commercial bank from a state-charterd savings bank.

(-) Deutsche Bank ( DB ) slid as much as 2% Thursday after UBS board chairman Axel Weber reportedly said the Swiss bank has no plans to merge with the struggling German lender.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.

This article appears in: Investing , Banking and loans
Referenced Symbols: BDN , CART , PCSB , DB , UBS

More from MT Newswires


MT Newswires

MT Newswires

Market News, Commodities

Research Brokers before you trade

Want to trade FX?