Markets

Financial Sector Update for 05/19/2017: NDRO,BK,SYF,GSBD

Top Financial Stocks

JPM +0.90%

BAC +1.23%

WFC +1.20%

C +1.66%

USB +0.59%

Financial stocks were giving back a small portion of its earlier gains this afternoon, with the NYSE Financial Sector Index climbing nearly 0.9% while financial companies in the S&P 500 Index were adding about 0.8% in value today.

In company news, shares of the Enduro Royalty Trust ( NDRO ) declined Friday, hanging on to a 1.5% slide to a session low of $3.20 a share after the company cut its next monthly distribution to $0.023001 per unit from $0.03522 per unit during the prior month.

The next distribution is payable June 14 to investors of record on May 31.

In other sector news,

(+) SYF, Boosts quarterly dividend by 13.4% to $0.15 per share, beginning in Q3. Also authorizes a new, stock buyback program to repurchase up to $1.64 bln of it common stock over the next 12 months.

(-) GSBD, Prices $73.1 mln public offering of 3.25 mln shares of its common stock at $22.50 apiece, a 2.5% discount to Thursday's closing price.

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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