Financial Sector Update for 11/27/2017: UEPS,RE,NETE

Shutterstock photo

Top Financial Stocks

JPM -0.02%

BAC +0.17%

WFC - 0.09%

C -0.24%

USB - 0.06%

Financial stocks were little changed today, with the NYSE Financial Sector Index just over its break-even mark while financial companies in the S&P 500 Index also were rising less than 0.1%.

In company news, Net 1 UEPS Technologies ( UEPS ) jumped to a more than 16% gain on Monday, reaching a session high of $12.73 a share, after the digital payments processor Monday demanded the Alternative Information and Development Centre withdraw and correct financial data about the company that Net 1 UEPS believes is erroneous.

Among the mistakes Net 1 contends the African non-government organization has been making was overstating its contract revenue by more than ZAR800 million or about $57 million.

In other sector news,

(+) RE, (+1.5%) Upgrade to Market Perform from Underperform at Keefe Bruyette.

(-) NETE, (-8.6%) Aptito subsidiary Monday introduces a modemized point-of-sale touchscreen terminal for mid- and small-size businesses, including fine dining and quick-service restaurants along with other retailers.

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: UEPS , RE , NETE

More from MT Newswires


MT Newswires

MT Newswires

Market News, Commodities

Research Brokers before you trade

Want to trade FX?