Financial Sector Update for 09/13/2019: KKR, MCO, GEC, JPM, BAC, WFC, C, USB

Top Financial Stocks:

JPM: +0.87%

BAC: +1.01%

WFC: +0.62%

C: +0.97%

USB: +1.02%

Financial majors were gaining in pre-bell trading Friday.

In other sector news:

(+) KKR (KKR) was up more than 1% after Bloomberg News reported that the company is considering the sale of its Austrian and German locomotive leasing business, ELL GmbH. ELL's valuation is estimate at more than EUR1 billion ($1.1 billion), sources told Bloomberg, adding that the buyout firm is in formative talks with potential advisers.

(=) Moody's Analytics (MCO), which provides economic research and consulting services, said its Economic Scenario Generator software (ESG) and Automation Module have been selected by PenSam, a Denmark-based labor market pension and insurance firm. Moody's was unchanged after the announcement.

(=) Great Elm Capital Group (GEC) was flat after it reported a fiscal Q4 net loss of $1 million compared with the $2.5 million net loss in the prior year period.

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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