Financial Sector Update for 11/07/2019: UBS, NEWT, VERY, JPM, BAC, WFC, C, USB

Top Financial Stocks:

JPM: +1.10%

BAC: +1.27%

WFC: +0.08%

C: +1.40%

USB: +0.88%

Financial majors were trading higher pre-market Thursday.

In other sector news:

(+) UBS (UBS) was up more than 1% after the company and Banco Do Brasil announced a strategic collaboration to offer investment banking services and institutional securities brokerage in Brazil and select countries in South America.

(+) Newtek Business Services (NEWT) was gaining more than 2% in value after reporting its Q3 financial results. The company's adjusted net investment income for Q3 was $0.63 per share, up from $0.50 per share a year ago.

(=) Vericity (VERY) was flat after saying its board has approved a special one-time cash dividend of $6.25 per common share.

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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