BLX

Financial Sector Update for 12/26/2018: HX,MA,BLX

Top Financial Stocks

JPM, +1.87%

BAC, +3.67%

WFC, +1.63%

C, +1.69%

USB, +1.51%

Financial stocks were rising in afternoon trading, including a more than 1.5% gain for the NYSE Financial Index, while shares of financial companies in the S&P 500 were climbing about 1.9%. The Philadelphia Housing Index was rising nearly 1.1%.

Among financial stocks moving on news:

(+) Hexindai ( HX ) rose 4% after the Chinese financial services company said it was teaming up with Kunming Aotou Economic Information Consulting Co Ltd to further diversify its funding sources.

In other sector news:

(+) Mastercard ( MA ) was climbing 4.7% after the credit card issuer said retail sales across all payment types from prior to Thanksgiving through Christmas rose 5.1% over year-ago levels to $850 billion, matching their highest level in six years.

(+) Banco Latinoamericano de Comercio Exterior SA ( BLX ) was 2.6% higher in recent trade after the Panama-based bank company said it was the joint lead arranger for a $75 million, senior unsecuredthree-year term loan facility for YPF Energia Electrica SA, a petroleum exploration and production company in Argentina.

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.

More Related Articles

Sign up for Smart Investing to get the latest news, strategies and tips to help you invest smarter.