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


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Top Financial Stocks

JPM -0.55%

BAC -0.90%

WFC +0.11%

C -.061%

USB -0.30%

Financial stocks were declining in afternoon trading, including a 0.6% slide for the NYSE Financial Index, while shares of financial companies in the S&P 500 were falling 1%. The Philadelphia Housing Index was rising 0.8%.

Among financial stocks moving on news:

(-) Carolina Trust BancShares ( CART ) was narrowly lower after the bank holding company Thursday wrapped up its acquisition of Clover Community Bankshares.

In other sector news:

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

(-) UBS ( UBS ) slid nearly 1% lower following reports board chairman Axel Weber said that the Swiss bank has no plans to merge with struggling German lender Deutsche Bank ( DB ).

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 , ETFs
Referenced Symbols: CART , PCSB , UBS , DB




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