Top Financial Stocks
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.
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