Financial Sector Update for 01/23/2019: UCBI,BPOP,SYF,COF

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Top Financial Stocks

JPM -0.17%

BAC -0.79%

WFC +0.58%

C +0.15%

USB +0.80%

Financial stocks were ending narrowly mixed this afternoon, including a less than 0.1% decline for the NYSE Financial Index while shares of financial companies in the S&P 500 were rising less than 0.1%. The Philadelphia Housing Index was falling almost 0.1%.

Among financial stocks moving on news:

(+) United Community Banks ( UCBI ) rose over 5% on Wednesday after the bank holding company reported better-than-expected Q4 net income, earning $0.56 per share during the three months ended Dec. 31 compared with a $0.16 per share loss during the year-ago period and beating the Capital IQ consensus by $0.01 per share.

In other sector news:

(+) Synchrony Financial ( SYF ) climbed 10% in recent trading after the bank holding company reported adjusted Q4 net income of $1.09 per share, improving on a $0.70 per share non-GAAP profit during the same quarter last year and beating the Capital IQ consensus by $0.16 per share.

(+) Popular ( BPOP ) was fractionally higher this afternoon. The Puerto Rican bank company reported a Q4 profit of $1.05 per share, reversing a $1.05 per share net loss during the final three months of 2017. Analysts, on average, had been looking for Popular to earn $1.32 per share.

(-) Capital One Financial Corp ( COF ) was down 6% on Wednesday after reporting Q4 revenue of $7.01 billion, unchanged from the year-ago period and narrowly trailing the Capital IQ consensus expecting around $7.07 billion in revenue for the final three months of 2018.

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
Referenced Symbols: UCBI , SYF , BPOP , COF

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