Markets

Financial Sector Update for 12/27/2018: V, GECC, IBTX, GBNK, JPM, BAC, WFC, C, USB

Top Financial Stocks:

JPM: -1.51%

BAC: -1.82%

WFC: -0.66%

C: -1.85%

USB: Flat

Financial stocks were retreating pre-bell Thursday.

In other sector news:

(-) Visa ( V ) was down more than 1% after its Visa International Holdings Limited or Bidco unit and British-based payments processing firm Earthport reached an agreement on the terms of a recommended all-cash offer for the entire issued and to be issued ordinary share capital of Earthport by Bidco.

(=) Great Elm Capital Corp. ( GECC ) was flat after its board approved a special dividend on its common stock of $0.24 per share, payable on Jan. 30, 2019 to shareholders of record on Dec. 28.

(=) Independent Bank Group ( IBTX ) and Guaranty Bancorp ( GBNK ) said early Thursday that they will proceed with the closing of their merger on the terms previously announced, with completion expected on Jan. 1. Both companies were unchanged after the news.

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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