Markets

Financial Sector Update for 12/23/2015: MU, CNIT

Top Financial Shares:

JPM: +0.8%

BAC: +0.4%

WFC: flat

C: +0.7%

USB: flat

Financial shares were mainly higher after economic data showed that durable goods orders in the US were flat in November after a 2.9% increase in October. The headline is better than expected, but the composition of the report was more mixed.

In financial stocks news, Suffolk Bancorp ( SCNB ), a bank holding company, has entered into an agreement with financial services technology provider Fiserv ( FISV ) to convert its core banking platform into Fiserv's suite of products and services.

Shares were unchanged at $28.89. The company has traded between $20.66 and $31.75 over the past 52 weeks.

And Synovus Financial ( SNV ) said it has begun a cash tender offer to purchase up to $100 million of its outstanding 5.125% subordinated notes due June 15, 2017.

Shares were also inactive at $31.84. The company has traded between $24.41 and $33.80 over the past 52 weeks.

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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