Markets

Financial Sector Update for 12/30/2016: CG,HIIQ,HOPE

Top Financial Stocks

JPM +0.20%

BAC +0.55%

WFC +0.62%

C +0.19%

USB +0.10%

Financial stocks still were holding on small gains this afternoon, with the NYSE Financial Sector Index adding about 0.3% in value while financial companies in the S&P 500 Index were climbing more than 0.2%.

In company news, shares of the Carlyle Group ( CG ) advanced Friday after the private equity firm today announced a deal to acquire 75% control of Gastronoma & Negocios, Chile's largest franchisor of quick service restaurants.

The selling Duch, Fuenzalida and Turner families retained a combined 25% stake of the company. Financial terms of the transaction were not disclosed.

CG shares were up nearly 1% at $15.25 each, backing down slightly after an earlier advance to $15.40 a share.

In other sector news,

(+) HIIQ, Lake Street raises price target by $7 to $20 a share and reiterates Buy recommendation.

(-) HOPE, Expects $1.2 mln in charges during first six months of 2017 connected with plans to close nine more former Wilshire and BBCN bank branches in California, Illinois and metropolitan New York.

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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