Financial Sector Update for 04/06/2015: QTS,NBG,HCBK,MTB

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.

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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