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Financial Sector Update for 09/22/2017: INBK,EFX,CIA


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Top Financial Stocks

JPM -0.27%

BAC -0.58%

WFC +0.34%

C -0.53%

USB -0.13%

Financial stocks were narrowly mixed this afternoon, with the NYSE Financial Sector Index climbing less than 0.1% while financial companies in the S&P 500 Index were slipping nearly 0.1%.

In company news, First Internet Bancorp ( INBK ) advanced Friday, climbing more than 3% to a session high today of $31.05 a share after the bank holding company late yesterday said underwriters participating in its recent public offering exercised overallotment options to purchase an extra 247,500 shares at $29 apiece, boosting the gross proceeds for the stock sale by another $7.2 million.

The company Sept. 15 priced an offering of 1.7 million shares at the same $29 per share, generating around $47.9 million in gross proceeds and about $51.5 net proceeds after the overallotment proceeds are added to the mix and the company paid underwriter discounts and other offering expenses.

In other sector news,

(+) EFX, Wells Fargo upgrade to Outperform from Market Perform.

(-) CIA, Former CEO, board chairman and company founder Harold Riley dies on Thursday. He was 89.

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: INBK , EFX , CIA


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