From Nasdaq: November 9, 2018 Financial Sector Update
Top Financial Stocks:
Financial stocks were mostly lower pre-market Friday.
Stocks moving on news include:
(-) Moneygram International ( MGI ), which was declining by more than 3% after it reported Q3 adjusted earnings of $0.24 per share, unchanged from the prior-year period and higher than the $0.16 per share Street estimate.
In other sector news:
(=) First Midwest Bancorp ( FMBI ) was unchanged after it entered into a definitive agreement to acquire Northern Oak Wealth Management, a Milwaukee-based registered investment adviser with approximately $800 million of wealth assets under management.
(=) Essent Group ( ESNT ) was flat as it said Q3 net income rose to $1.18 from $0.82 in the year-ago period and topped the Capital IQ mean for $1.13 GAAP and $1.14 normalized.
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The Financial Select Sector SPDR ETF (XLF) was trading at $27.11 per share on Friday afternoon, down $0.26 (-0.95%). Year-to-date, XLF has declined -2.51%, versus a 4.31% rise in the benchmark S&P 500 index during the same period.
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