Markets
MCC

Financial Sector Update for 02/12/2019: ONDK, MGI, MCC, JPM, WFC, BAC, C, USB

Top Financial Stocks:

JPM: +0.99%

BAC: +0.53%

WFC: +0.67%

C: +0.63%

USB: Flat

Financial stocks were higher in pre-bell trading Tuesday.

Early movers include:

(+) On Deck Capital ( ONDK ), which was advancing by more than 7% with the release of its Q4 results, with adjusted earnings doubling to $0.20 per diluted share from $0.10 a year ago. That beat the $0.16 average estimate from analysts polled by Capital IQ.

(-) MoneyGram ( MGI ) was slumping more than 10% after the money-transfer company reported non-GAAP Q4 net income of $0.01 per share, down compared with a $0.26 per share adjusted profit during the year-ago period and missing the Capital IQ consensus expecting $0.12 per share for the three months ended Dec 31.

(-) Medley Capital ( MCC ) was down more than 3% after booking fiscal Q1 net investment income of $0.03 per share, compared with the prior-year period's $0.13 per share. Adjusted net investment income was $0.05 per share. An analyst polled by Capital IQ expected an EPS of $0.03.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story

MCC JPM ONDK WFC MGI

Other Topics

Banking

Latest Markets Videos

    MTNewswires

    Founded in 1999, MT Newswires (formerly known as Midnight Trader) is a leading provider of original source, multi-asset class, real-time, global financial news and information to most of the largest banks, brokerage firms and professional market data, trading & research applications in North America.

    Learn More