Banking

Financial Sector Update for 07/29/2020: BUSE, EEFT, ANTM, XLF, FAS, FAZ

Financial firms were mostly down before markets open on Wednesday. The Select Financial Sector SPDR (XLF) slipped 0.04%. The Direxion Daily Financial Bull 3X Shares (FAS) gained 0.58%, while its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) declined 0.25%.

Stocks moving on the news include First Busey (BUSE), which added almost 2% during premarket trading. The company reported Q2 net income of $0.48 per adjusted share, down from $0.53 a share a year ago and higher than the estimate of analysts polled by Yahoo Finance for $0.26 per share.

Euronet Worldwide (EEFT) was up 0.4% after reporting Q2 adjusted earnings of $0.04 per share, down from $1.69 a year ago but beating the Capital IQ analyst forecast for a loss of $0.37 per share.

Meanwhile, Anthem (ANTM) was trading fractionally lower. The health insurance company reported Wednesday Q2 adjusted profit of $9.20 per share, up from $4.64 per share a year earlier. Analysts polled by Capital IQ projected EPS of $8.58.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story

BUSE EEFT ANTM XLF FAS

Latest Personal Finance Videos

Developing a Student Loan Repayment Plan Once Forbearance Ends on May 1

Jan 07, 2022

MTNewswires

Founded in 1999, MT Newswires (formerly known as Midnight Trader) is a leading provider of original source, multi-asset class, real-time, global financial news and information to most of the largest banks, brokerage firms and professional market data, trading & research applications in North America.

Learn More