Markets

Financial Sector Update for 02/27/2019: OCN, PSEC, DFIN, JPM, WFC, BAC, C, USB

Top Financial Stocks:

JPM: -0.28%

BAC: -0.29%

WFC: -0.18%

C: -0.11%

USB: Flat

Most financial heavyweights were retreating pre-bell Wednesday.

Stocks moving on news include:

(+) Ocwen Financial ( OCN ), which was advancing by over 15% as it posted a Q4 net loss of $0.03 per share compared with a loss of $0.34 per share in the fourth quarter of 2017. Analysts polled by Capital IQ were expecting a loss of $0.45 per share.

In other sector news:

(-) Prospect Capital ( PSEC ) was down more than 1% after unveiling plans to issue $150 million unsecured convertible notes due 2025 in an underwritten public offering.

(=) Donnelley Financial Solutions ( DFIN ) was flat after posting a Q4 loss of $0.06 per share, compared with earnings of $0.14 per share in the same period a year ago. Analysts polled by Capital IQ expected earnings of $0.15 per share.

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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