Top Financial Stocks
Financial stocks declined in afternoon trading, including a more than 0.6% slide for the NYSE Financial Index while shares of financial companies in the S&P 500 were falling almost 1.6%. The Philadelphia Housing Index still was up about 0.1% just ahead of Thursday's close.
Among financial stocks moving on news:
(+) Brandywine Realty Trust ( BDN ) climbed over 3% on Thursday after the real estate investment trust said its board of directors has authorized a new stock buyback program for up to $150 million of its common shares.
In other sector news:
(+) Carolina Trust BancShares ( CART ) was over 4% higher in late Thursday trading, reversing a narrow loss previously in the session that followed the bank holding company Thursday saying it has wrapped up its acquisition of Clover Community Bankshares.
(+) PCSB Financial ( PCSB ) was ending fractionally higher on Thursday after completing its conversion to a New York-chartered commercial bank from a state-charterd savings bank.
(-) Deutsche Bank ( DB ) slid as much as 2% Thursday after UBS board chairman Axel Weber reportedly said the Swiss bank has no plans to merge with the struggling German lender.
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