NEW YORK, September 9, 2016 /PRNewswire/ --
Stocks in the Financial sector are the most to benefit from higher interest rates. However, the recent U.S. jobs report has led many to speculate that a rate hike this month would be unlikely. So far this year, companies in the S&P 500 have advanced only 2.7%, while the broader index has climbed 6.2%. Stock-Callers.com reviews the following equities and see where they stand in the market today: Fidelity National Financial Inc. (NYSE: FNF), Assured Guaranty Ltd (NYSE: AGO), Kearny Financial Corp. (NASDAQ: KRNY), and Northwest Bancshares Inc. (NASDAQ: NWBI). Learn more about these stocks by downloading their free report at: http://stock-callers.com/registration
Fidelity National Financial
Shares in Jacksonville, Florida headquartered Fidelity National Financial Inc. ended Thursday's session at $38.43, rising 0.34%. The stock recorded a trading volume of 1.11 million shares. The Company's shares have gained 5.96% in the last one month, 7.69% in the previous three months, and 12.26% since the start of this year. The stock is trading 3.43% above its 50-day moving average and 12.81% above its 200-day moving average. Moreover, shares of Fidelity National Financial, which together with its subsidiaries, provides title insurance, and technology and transaction services to the real estate and mortgage industries in the US, have a Relative Strength Index (RSI) of 66.99.
On September 07th, 2016, Black Knight Financial Services, a Fidelity National Financial company, announced that AmeriFirst Home Mortgage, a community mortgage banker headquartered in Kalamazoo, Michigan, and a client of Black Knight's industry-leading LoanSphere MSP servicing system, signed a multi-year contract to use Black Knight's new LoanSphere Loss Mitigation solution. The free research report on FNF is available at: http://stock-callers.com/registration/?symbol=FNF
Hamilton, Bermuda-based Assured Guaranty Ltd's stock climbed 0.25%, closing the day at $28.00. A total volume of 912,480 shares was traded, which was above their three months average volume of 837,270 shares. The Company's shares have advanced 1.68% in the last month, 3.78% over the previous three months, and 7.55% on an YTD basis. The stock is trading 5.26% above its 50-day moving average and 9.92% above its 200-day moving average. Additionally, shares of Assured Guaranty, which through its subsidiaries, provides credit protection products to public finance, infrastructure, and structured finance markets in the US and internationally, have an RSI of 67.74.
On August 3rd, 2016, Assured Guaranty reported that net income for Q2 2016 was $146 million compared to net income of $297 million for Q2 2015. Loss and loss adjustment expenses incurred was $102 million in Q2 2016, and $188 million in Q2 2015. The complimentary report on AGO can be downloaded at: http://stock-callers.com/registration/?symbol=AGO
On Thursday, shares in Fairfield, New Jersey headquartered Kearny Financial Corp. recorded a trading volume of 599,168 shares. The stock ended the day flat at $14.03. The Company's shares have gained 6.12% in the past month, 5.25% in the previous three months, and 11.25% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 6.69% and 11.53%, respectively. Furthermore, shares of Kearny Financial, which operates as the holding company for Kearny Bank that provides various banking products and services, have an RSI of 83.04.
On August 4th, 2016, Kearny Financial reported net income for the quarter ended June 30th, 2016, of $4.9 million, or $0.05 per basic and diluted share. The results represent an increase of $713,000 compared to net income of $4.2 million, or $0.05 per basic and diluted share, for the prior quarter ended March 31st, 2016. The company's aggregate loan portfolio, excluding the allowance for loan losses, increased by $574.4 million, or 27.3% during the year ended June 30th, 2016. Visit us today and download our complete research report on KRNY for free at: http://stock-callers.com/registration/?symbol=KRNY
Warren, Pennsylvania headquartered Northwest Bancshares Inc.'s stock saw a slight drop of 0.38%, finishing yesterday's session at $15.58 and with a total volume of 309,997 shares traded. The Company's shares have advanced 2.91% in the last one month, 6.77% over the previous three months, and 20.30% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 4.03% and 14.31%, respectively. Additionally, shares of Northwest Bancshares, which operates as a bank holding company for Northwest Savings Bank that offers various personal and business banking solutions in the US, have an RSI of 66.54.
On August 8th, 2016, Northwest Bancshares announced that its wholly-owned subsidiary, Northwest Bank, has received the necessary regulatory approvals from the Pennsylvania Department of Banking and Securities and the Federal Deposit Insurance Corporation for the proposed acquisition of 18 First Niagara Bank offices. The transaction is expected to close on September 9th, 2016. Get free access to your technical report on NWBI at: http://stock-callers.com/registration/?symbol=NWBI
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