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Financial Sector Update for 12/20/2018: USB, ISTR, RJF, BAC, WFC, JPM, C

Top Financial Stocks:

JPM: -0.61%

BAC: -0.91%

WFC: -0.37%

C: -0.80%

USB: Flat

Financial stocks were retreating in Thursday's pre-bell trading.

In other sector news:

(+) U.S. Bancorp ( USB ), the parent holding company for U.S. Bank, was marginally higher after it raised its prime lending rate to 5.5% from 5.25%, effective Dec. 20 at all of its locations.

(=) Investar Holding ( ISTR ) was unchanged after it unveiled a quarterly dividend of $0.05 per share, which is an 11% increase from the prior quarter's distribution.

(=) Raymond James Financial ( RJF ) was flat as it reported client assets under administration for November of $764 billion, up 6% from last year.

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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