Financial Sector Update for 02/20/2019: LC, AI, JPM, BAC, WFC, C, USB

Shutterstock photo

Top Financial Stocks:

JPM: Flat

BAC: -0.21%

WFC: Flat

C: Flat

USB: Flat

Financial stocks were mixed in Wednesday's pre-market trading .

Stocks moving on news include:

(-) LendingClub ( LC ), which was declining by 7% after the online marketplace posted fourth-quarter revenue that fell short of analysts' expectations while pledging to take further action to simplify the business.

(-) Arlington Asset Investment ( AI ) was down more than 4% after it priced an underwritten public offering of 6 million class A common shares for a total about $50 million, implying an offering price of $8.33 per share or about a 4% discount to the stock's previous close.

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: LC , AI , JPM , BAC , WFC

More from MT Newswires


MT Newswires

MT Newswires

Market News, Commodities

Research Brokers before you trade

Want to trade FX?