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


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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.

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This article appears in: Investing , Banking and loans
Referenced Symbols: UEPS , RE , NETE


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