Top Financial Stocks
JPM -0.36%
BAC -0.20%
WFC -0.13%
C -0.16%
USB -0.32%
Financial stocks were narrowly straddling both sides of their break-even marks, with the NYSE Financial Sector Index climbing a little more than 0.1% while financial companies in the S&P 500 Index slipped almost 0.1%. Elsewhere, the Philadelphia Housing Sector Index ( HGX ) was up more than 0.1% ahead of an expected rate rise by monetary policy-makers on the Federal Open Market Committee at 2 pm ET.
Among financial stocks moving on news:
+ Progressive ( PGR ) gained after the property and casualty insurer reported a 20% year-over-year increase in net premiums written to $2.02 bln during November. Net premiums earned climbed 17% to $2.11 bln.
In other news:
+ Medallion Financial Corp ( MFIN ) added more than 17% in Wednesday trading after the specialty lender recently closed on the sale of a $127 mln portfolio of prime-credit consumer loan receivables to an unnamed super-regional bank for $134.7 mln in cash.
+ Heartland Financial USA ( HTLF ) declares a special cash dividend of $0.07 per share, payable Dec. 29 to shareholders of record on Dec. 22.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
