Financial Sector Update for 12/13/2018: MCC, MDLY, QD, AFL, JPM, WFC, C, BAC, USB

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Top Financial Stocks:

JPM: +0.15%

BAC: -0.61%

WFC: -1.42%

C: +0.09%

USB: -1.97%

Thursday afternoon saw financial stocks retreat, including a 0.1% drop for the NYSE Financial Index while shares of financial companies in the S&P 500 were posting a 0.4% decline. The Philadelphia Housing Index was declining 0.7%.

Moving stocks include:

(+) Medley Capital ( MCC ) was up 2% as FrontFour Capital Group urged Medley Capital shareholders to oppose the planned combination with Sierra Income Corp. and Medley Management ( MDLY ).

In other sector news:

(+) Qudian ( QD ) soared 27% after unveiling its adjusted net income guidance for 2019 and a new ADS buyback program.

(+) Aflac ( AFL ) was up 6.6% as it confirmed that it is engaged in discussions with Japan Post Holdings Co. regarding a potential minority investment in the company through open market purchases.

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 , ETFs
Referenced Symbols: MCC , MDLY , QD , AFL , JPM

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