Top Financial Stocks
JPM 0.00%
BAC +0.16%
WFC +0.92%
C +0.27%
USB +0.02%
Financial stocks have turned narrowly mixed this afternoon, including a nearly 0.3% gain for the NYSE Financial Index while shares of financial companies in the S&P 500 were falling almost 0.2%. The Philadelphia Housing Index was falling just under 0.1%.
Among financial stocks moving on news:
(+) Banco Macro SA ( BMA ) rose as much as 7% on Friday after the Argentina-based bank company said it recently repurchased more than 1.11 million of its shares of its common stock. The bank paid an average of ARG151.29, or about $3.06, per share, and spent a total of $3.41 million to reacquire its shares, according to a new regulatory filing.
In other sector news:
(+) First Republic Bank ( FRC ) climbed 6% on Friday after the bank holding company was selected to replace Scana ( SCG ) in the S&P 500 index, effective with the start of regular-session trading on Wednesday, Jan. 2.
In other sector news:
(+) JP Morgan Chase ( JPM ) declined almost 1% this afternoon. The Hong Kong Monetary Authority Friday slapped JPMorgan's local unit with a HKD12.5 million ($1.6 million) fine for breaching anti-money laundering and counter-terrorist financing rules.
(+) Hope Bancorp ( HOPE ) was narrowly higher Friday after the bank holding company said it expects to take a $1.7 million pre-tax charge against its Q4 earnings following its decision to close six branch offices. The cost-reduction program is expected to save the company about $1.9 million per year. Separately, Wedbush Friday lowered its price target for Hope shares by $1 to $12 each and reiterated its neutral rating on the stock.
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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.
