Markets

Financial Sector Update for 02/13/2017: FDC,FBC,NTB

Top Financial Stocks

JPM +1.63%

BAC +1.65%

WFC +0.62%

C +2.53%

USB +1.19%

Financial stocks were mostly higher Monday afternoon, with the NYSE Financial Sector Index rising almost 0.8% while financial companies in the S&P 500 Index were climbing nearly 1.2%.

In company news, First Data Corp ( FDC ) was holding on to a moderate advance today after the electronic commerce and payments processing company reported mixed Q4 financial results, topping analyst estimates with its per-share earnings but missing revenue expectations following a small dip compared with year-ago levels.

The company earned $0.39 per share during the October-to-December period, exceeding the Capital IQ consensus by $0.03 per share. Revenue slipped 0.7% from last year to $2.94 billion, trailing the $3.01 billion Street view.

FDC shares were up more than 3% at $16.38 apiece, earlier climbing to a session high of $16.63 a share.

In other sector news,

(+) FBC, (+11.5%) Piper Jaffray upgrade to Overweight from Neutral.

(-) NTB, (-0.8%) Reports Q4 EPS of $0.62, topping the $0.55 per share Capital IQ consensus. Declares interim dividend of $0.32 per share, payable March 27 to shareholders of record on March 13.

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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