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


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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.

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This article appears in: Investing , Banking and loans
Referenced Symbols: LC , AI , JPM , BAC , WFC




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