Nov
27
Argentine bank Grupo Financiero Galicia (NASDAQ: GGAL) was the leading financial institution among gainers in Tuesday’s trading session. The bank improved by 10.19 percent, or $1.17, to settle at $12.65 per share at the close. Grupo Financiero Galicia’s market capitalization is presently valued at $1.76 billion. Grupo Financiero Galicia S.A. is a financial services holding company with several subsidiaries, including Banco de Galicia y Buenos Aires S.A. The bank provides a wide variety of financial products and services to small and medium sized enterprises (SMEs), large corporations and individuals alike.
Other notable gainers in the banking and investment sector included The Phoenix Companies (NYSE: PNX), which moved up 5.71 percent ($2.91) to $53.87 per share, First Federal Bancshares (NASDAQ: FFBH), which improved 5.40 percent ($0.48) to $9.37 per share, BBVA Banco Frances S.A. (NYSE: BFR), which added 4.50 percent ($0.38) to $8.82 per share, and Noah Holdings Ltd. (ADR) (NYSE: NOAH), which is now at $20.02 per share after a 4.27 percent ($0.82) gain. The Phoenix Companies’ market cap is valued at $312.45 million, First Federal at $187.79 million, BBVA Banco Frances at $1.58 billion and Noah Holdings at $1.13 billion.
Moving on to yesterday’s top losers in the banking and investment sector, DFC Global Corp (NASDAQ: DLLR) made the steepest drop, falling 7.60 percent, or $0.86 to $10.45 per share. DFC Global’s market capitalization is now at $405.73 million. The company, which was once known as Dollar Financial Corp., is a non-bank provider of alternative financial services, unsecured short-term consumer loans, secured pawn loans, check cashing, money transfers and reloadable prepaid debt cards.
Aside from DFC, other financial institutions that ticked downwards in yesterday’s trading included Fifth Street Finance Corp. (NASDAQ: FSC), which slid to $9.66 per share, a decline of 5.01 percent ($0.51), Doral Financial Corp. (NYSE: DRL), which is now at $17.36 after dropping 4.77 percent ($0.87), America First Multifamily Investors LP (NASDAQ: ATAX), which slipped 4.63 percent ($0.31) to $6.39 per share, and BGC Partners Inc.(NASDAQ: BGCP), which edged down 4.22 percent ($0.25) to $5.68 per share. Fifth Street and BGC Partners both have billion-dollar market caps, at $1.17 billion and $1.02 billion respectively. Doral and America First, on the other hand, have their market caps valued at $115.46 million and $273.32 million respectively.
As is often the case, Bank of America Corp.(NYSE: BAC), Citigroup Inc. (NYSE: C),JPMorgan Chase Co. (NYSE: JPM) and Wells Fargo Co. (NYSE: WFC) were the most active financial institutions in the banking and investment sector yesterday.
Bank of America is now trading at $15.88 per share, up 0.44 percent ($0.07), and has a market capitalization of $169.65 billion.
Citigroup is trading at $53.01 per share, a slight decrease of 0.53 percent ($0.28), and is valued at $160.78 billion.
Likewise, JPMorgan and Wells Fargo also took hits of less than 1 percent; JPMorgan is trading at $57.17 per share after an 0.83 percent ($0.48) downtick, while Wells Fargo is at $44.31 after moving down 0.38 percent ($0.17).
Credit card issuer Visa Inc. (NYSE: V) was fifth among yesterday’s most active banking and investment stocks, adding 0.79 percent ($1.59) to settle at $203.52 per share. Visa’s market capitalization is currently $129.68 billion.
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