Financial Sector Update for 11/09/2018: MGI, FMBI, ESNT, JPM, BAC, WFC, C, USB

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Top Financial Stocks:

JPM: -0.35%

BAC: -0.48%

WFC: Flat

C: -0.43%

USB: Flat

Financial stocks were mostly lower pre-market Friday.

Stocks moving on news include:

(-) Moneygram International ( MGI ), which was declining by more than 3% after it reported Q3 adjusted earnings of $0.24 per share, unchanged from the prior-year period and higher than the $0.16 per share Street estimate.

In other sector news:

(=) First Midwest Bancorp ( FMBI ) was unchanged after it entered into a definitive agreement to acquire Northern Oak Wealth Management, a Milwaukee-based registered investment adviser with approximately $800 million of wealth assets under management.

(=) Essent Group ( ESNT ) was flat as it said Q3 net income rose to $1.18 from $0.82 in the year-ago period and topped the Capital IQ mean for $1.13 GAAP and $1.14 normalized.

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: MGI , FMBI , ESNT , JPM , BAC

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