Financial Sector Update for 07/11/2019: ATIF,YRD,ADS,SPWH

Shutterstock photo

Top Financial Stocks

JPM +0.66%

BAC +0.78%

WFC +0.12%

C +0.72%

USB +0.30%

Financial stocks were edging higher in afternoon trading, including a fractional gain for the NYSE Financial Index while shares of financial companies in the S&P 500 were posting a 0.5% gain. The Philadelphia Housing Index was sinking 1%.

Among financial stocks moving on news:

(+) ATIF Holdings ( ATIF ) was fractionally higher after Thursday announcing a $1.6 million contract to consult with Shenzhen Micro Union Gold League Electronic Commerce Technology while the e-commerce company works to join the US capital markets. The deal also calls on ATIF to provide Shenzhen Micro with business planning and strategy development as well as assisting with fund raising and investor relations.

In other sector news:

(+) Yirendai ( YRD ) rose 1% on Thursday. The Chinese consumer loan company reported Q1 net income of RMB3.96, or $0.59, per American depositary share, down from a RMB5.85 per ADS profit during the same quarter last year.

(-) Alliance Data Systems ( ADS ) turned slightly lower. The credit services firm Thursday said it has signed a new long-term agreement to provide co-brand and private label credit card services for outdoor specialty retailer Sportsman's Warehouse ( SPWH ).

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: ATIF , YRD , ADS , SPWH

More from MT Newswires


MT Newswires

MT Newswires

Market News, Commodities

Research Brokers before you trade

Want to trade FX?