Markets

Financial Sector Update for 09/25/2015: HCBK, WSBF

Top Financial Shares:

JPM: +1.91%

BAC: +2.02%

WFC: +1.19%

C: +2.12%

USB: flat

Financial shares were poised for a strong rally in Friday's pre-market trade after Federal Reserve Chair Janet Yellen said a rate hike would be appropriate this year.

In financial stocks news, Waterstone Financial ( WSBF ) said late Thursday it will distribute an unchanged quarterly cash dividend of $0.05 per share, payable on Nov. 2 to holders of record on Oct. 12.

Hudson City Bancorp ( HCBK ) shares were preparing to lose some of Thursday's 3.8% gains after the company said it entered into a settlement agreement with the U.S. Department of Justice and the Consumer Financial Protection Bureau related to alleged violations of the Fair Housing Act and Equal Credit Opportunity Act.

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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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