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KYN

Financial Sector Update for 02/11/2019: KYN, KMPR, L, JPM, WFC, BAC, C, USB

Top Financial Stocks:

JPM: +0.25%

BAC: +0.21%

WFC: +0.42%

C: +0.31%

USB: Flat

Financial stocks were climbing pre-market Monday.

Early movers include:

(+) Kayne Anderson MLP Investment ( KYN ), which almost 2% higher after entering a $300 million unsecured revolving credit facility with a syndicate of lenders to replace its $150 million unsecured revolving credit facility, which was set to mature Feb. 15.

In other sector news:

(+) Kemper ( KMPR ) was up 1.1% after i t report ed Q4 adjusted earnings of $0.91 per share, up from $0.60 in the same period a year ago and topping the estimate of $0.79 from analysts polled by Capital IQ.

(=) Loews ( L ) was flat as it booked a Q4 loss of $0.53 per share, compared to earnings of $1.43 per share in the same period a year ago. Analysts polled by Capital IQ expected earnings of $0.33 per share, but this may not be comparable.

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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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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