Top Financial Stocks
JPM +0.12%
BAC +0.26%
WFC -0.11%
C 0.00%
USB -0.50%
Financial stocks are extending gains, with the NYSE Financial Sector Index climbing about 0.6% and the S&P Financial 100 Index rising about 0.3%.
In company news, QTS Realty Trust ( QTS ) was higher Monday afternoon after analysts at Stifel Nicolaus raised their price target for the real estate investment trust by $2 to $2 a share and reiterated their Buy recommendation for the stock.
QTS shares were up slightly more than 2% at $37.88 a share, easing from an earlier session high of $38.10 a share. The stock has traded within a 52-week range of $23.52 to $40.58 a share, already rising more than 42% over the past 12 months before Monday's price gain.
In other sector news,
(+) NBG, (+6.5%) Greek Finance Minister Yanis Varoufakis Sunday says his country "intends to meet all obligations to all its creditors, ad infinitum" following meetings with International Monetary Fund officials.
(-) HCBK, (-6.6%) M&T Bank Corp ( MTB ) says Federal Reserve will not be ready to rule on the companies' proposed merger prior to an April 30 deadline. The banks said they plan to review the situation for a short period of time to determine their next moves.
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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.
