Financial Sector Update for 11/19/2018: BKI,RLGY,DB,KKR

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Top Financial Stocks

JPM +0.36%

BAC -0.32%

WFC +0.43%

C -0.85%

USB -0.04%

Financial stocks climbed off their session lows this afternoon, including a 0.5% decline for the NYSE Financial Index while shares of financial companies in the S&P 500 also were falling almost 0.4%. The Philadelphia Housing Index also was down nearly 0.4%.

Among financial stocks moving on news:

(+) Realogy Holdings ( RLGY ) climbed almost 3% on Monday after new regulatory documents showed board chairman Michael Williams late last week acquired an additional 5,000 shares of the real estate services company's stock at $16.94 apiece, boosting his overall stake to 49,455 shares. Williams spent a total of $84,700 to buy the shares during the Nov. 16 open-market transaction.

(-) Deutsche Bank ( DB ) was narrowly lower again in recent trading after earlier recovering from a nearly 1% slide soon after Monday's opening bell that followed the German banking giant unveiling a public tender offer for EUR1.0 billion, or about $1.14 billion, of its Euro-denominated senior non-preferred securities. The tender offer is set to expire next Tuesday, Nov. 27.

(-) KKR & Co ( KKR ) was down over 2% in afternoon trading, after announcing its purchase of GeoStabilization International from Vancouver-based private equity firm CAI Capital Partners. Financial details of the buyout of the geotechnical maintenance services company were not disclosed. The deal is being financed through KKR's Americas XII fund and should close before the end of the year.

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: RLGY , DB , KKR , BKI

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