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Financial Sector Update for 09/12/2018: EVOP,PRU,NLY

Top Financial Stocks

JPM -0.91%

BAC -1.28%

WFC -2.46%

C +1.94%

USB -1.15%

Financial stocks were declining in afternoon trading, including a nearly 0.5% drop for the NYSE Financial Index while shares of financial companies in the S&P 500 were falling more than 0.8%. The Philadelphia Housing Index was up less than 0.1%.

Among financial stocks moving on news:

(+) EVO Payments ( EVOP ) climbed more than 7% on Wednesday to $26.00 a share, or just 10 cents shy of its 52-week high, ahead of CEO Jim Kellly's 4:50 p.m. ET presentation at the Deutsche Bank Technology conference in Las Vegas.

In other sector news:

(-) Prudential Financial ( PRU ) has been trading lower, dropping almost 1% at one point, after the insurance carrier named Charles Lowrey as its new CEO after existing chief executive John Strangfeld retires on Nov. 30. Strangfeld will continue as non-executive board chairman until April 5 when Lowrey - now chief operating officer at Prudential - also becomes board chairman.

(-) Annaly Capital Management ( NLY ) slid almost 3% after the firm priced a $763 million public offering of 75 million shares at $10.17 apiece.

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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