Financial Sector Update for 07/17/2017: MA,EPAY,ABDC

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Top Financial Stocks

JPM -0.97%

BAC -0.83%

WFC -0.62%

C +0.16%

USB -0.21%

Financial stocks continued adding to narrow declines from earlier Monday, with the NYSE Financial Sector Index falling just over 0.1% while financial companies in the S&P 500 Index were sinking slightly more than 0.2%.

In company news, MasterCard ( MA ) was edging higher late in Monday's regular session after the credit card issuer this afternoon said it was acquiring Brighterion, Inc, a privately held software and artificial intelligence company.

Financial terms of the transaction were not disclosed. Mastercard plans to add Brighterion's Smart Agent technology to its portfolio of security products already using artificial intelligence to more effectively protect consumers through improved fraud detection.

In other sector news,

(+) EPAY, Raised to Outperform from Market Perform at Raymond James.

(-) ABDC, Raymond James reduces investment recommendation to Outperform from Strong Buy, also establishing a $14 price target.

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: MA , EPAY , ABDC

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