Markets

Financial Sector Update for 03/04/2019: AJG, KKR, NEP, PRAA, JPM, BAC, WFC, C, USB

Top Financial Stocks:

JPM: +0.32%

BAC: +0.24%

WFC: +1.00%

C: +0.16%

USB: Flat

Top financial stocks were mostly higher pre-bell Monday.

In other sector news:

(+) Arthur J. Gallagher & Co ( AJG ) was marginally higher after it signed an agreement to acquire the global aerospace operations of Jardine Lloyd Thompson Group plc. The deal is expected to close this spring. Terms were not disclosed.

(=) KKR ( KKR ) was flat after it agreed to acquire an equity interest in a newly formed partnership with NextEra Energy Partners ( NEP ) that owns a portfolio of renewable energy projects throughout the US.

(=) PRA Group, Inc. ( PRAA ) was unchanged as it acquired the holding company of Resurgent Holdings LLC's Canadian business, which will become a wholly owned subsidiary of PRA Group Canada as the collector of bad debt seeks "to create a market-leading non-performing loan business in the country."

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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