Markets

Financial Stocks Turn Mixed Near Closing Bell; Aviva Falls 6% After BNP Paribas Reduces to Underperform

Top Financial Stocks

JPM +0.71%

BAC +1.51%

WFC -0.83%

C +1.87%

USB +0.13%

Financial stocks were mixed in late trade with the NYSE Financial Sector Index sliding 0.9%, extending its decline after the Federal Reserve statement, while the S&P Financial 100 Index turned positive in late trade, rising about 0.1%.

In company news, Aviva plc ( AV ) slid Wednesday, declining nearly 6% in recent trade after the British life insurance company was reduced to Underperform from Neutral in a new research note today by analysts at Exane BNP Paribas.

AV shares were down 5.9% at $16.20 each shortly before the closing bell, earlier falling to an intra-day low of $15.75 a share. The stock has a 52-week range of $8.95 to $17.60 a share.

In other sector news,

(+) JPM, Sells its physical commodities business to Swiss trade house Mercuria for approximately $3.5 billion, according to Reuters. The bank said it sees no material impact on earnings as a result of the deal.

(-) DX, Mortgage REIT trims quarterly dividend by $0.02 per share - or 7.4% - to $0.25 per share, payable April 30 to shareholders of record on April 4.

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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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