Quantcast
Featured Image

Top Financial Stocks

JPM -0.35%

BAC +0.12%

WFC -0.12%

C -0.24%

USB -0.62%

Financial stocks were moderately higher in afternoon trading, including a more than 0.3% gain for the NYSE Financial Index while shares of financial companies in the S&P 500 were rising more than 0.2%. The Philadelphia Housing Index was falling 0.4%.

Among financial stocks moving on news:

(+) Fanhua ( FANH ) rose more than 6% after the Chinese insurance firm reported Q4 net income of $RMB1.99 per American depository share, up from RMB1.98 per ADS during the year-ago period, following a 26.3% year-over-year increase in revenue to RMB871.9 million. Analyst estimates were not available for comparison.

In other sector news:

(+) Lloyds Banking ( LYG ) was edging higher in recent trading after Goldman raised its investment recommendation for the UK company's stock to neutral from sell.

(-) TheStreet ( TST ) declined Tuesday, falling more than 2%, after the financial news platform reported a Q4 net loss of $0.06 per share, reversing a $0.59 per share profit during the same quarter in 2017 and missing the Capital IQ consensus expecting a $0.02 per share net loss.

Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


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

More from MT NEWSWIRES

Related Articles