Top Financial Stocks
Financial stocks were ending near their session higher Tuesday, with the NYSE Financial Sector Index adding about 0.9% in value today while financial companies in the S&P 500 Index was climbing nearly 1.4%.
In company news, Union Bankshares ( UBSH ) advanced Tuesday after the bank holding company today reported above-consensus Q4 earnings.
Net income for Union during the three months ended Dec. 31 was $0.48 per share, beating the Capital IQ consensus by $0.02 per share.
UBSH shares were up more than 5% in late trade at $35.62 apiece, staying within relatively close range of their session high of $35.71 a share.
In other sector news,
(+) PPBI, Q4 EPS of $0.43 improves on $0.37 per share profit during year-ago period and beats analyst mean by $0.02 per share. Revenue rises 40.8% over last year to $46.6 mln, also topping the $45.2 mln consensus.
(-) EMG, Discloses plan to voluntarily delist from the New York Stock Exchange and instead trade on the OTC Marketplace beginning early in February.
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