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.

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

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