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Financial Sector Update for 06/26/2018: EDR,BKU,EZPW


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Top Financial Stocks

JPM +0.04%

BAC +0.21%

WFC -1.00%

C +0.85%

USB -0.79%

Financial stocks ended mixed, with the NYSE Financial Sector Index rising less than 0.1% while financial companies in the S&P 500 Index were falling about 0.3%. The Philadelphia Housing Sector Index rose almost 0.9%.

Among financial stocks moving on news:

+ EdR ( EDR ) was narrowly higher in late Tuesday trading, easing from a nearly 2% gain earlier in the session, despite analysts at KeyBanc lowering their investment call for the real estate investment trust's stock to Sector Weight from Overweight after EdR agreed to be a $4.6 billion acquisition offer by Greystar Real Estate Partners for $4.6 billion, receiving $41.50 per share in cash in the deal.

In other sector news:

= EZCORP ( EZPW ) climbed just over 4% on Tuesday after saying said it has acquired 40 pawn stores in the greater Mexico City metropolitan area and operating under the Montepio San Patricio name, increasing the number of the pawn shops in Mexico's largest market for the specialty lender to 139. Financial terms of the all-cash purchase were not disclosed. Almost half of its 961 pawn shops overall are located in Latin America, the company said.

- BankUnited ( BKU ) declined Tuesday after the bank holding company declared a quarterly cash dividend of $0.21 per share, unchanged from its most recent distribution to investors. The upcoming dividend is payable July 31 to shareholders of record on July 16. BankUnited reported $30.4 billion in total assets on March 31 and operates 87 bank branches in 15 Florida counties along with six banking centers in the New York metropolitan area.

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: EDR , EZPW , BKU


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