Net Element Inc NETE:NASDAQ

Last Price$4.34NASDAQ Previous Close - Last Trade as of 3:59PM ET 10/14/19

Today's Change-0.01(0.23%)
Bid (Size)$4.15 (25)
Ask (Size)$4.35 (4)
Day Low / High$4.33 - 4.39
Volume17.6 K

Sector Update: Financial Stocks Still Mixed In Afternoon Market Uptick

4:05PM ET 12/27/2018 MT Newswires
Top Financial Stocks

JPM +0.06%

BAC +0.08%

WFC -1.32%

C -0.58%

USB -0.44%

Financial stocks have turned broadly mixed in late afternoon trading, including a nearly 1.1% decline for the NYSE Financial Index while shares of financial companies in the S&P 500 were rising slightly more than 0.1%. The Philadelphia Housing Index also was up just over 0.1%.

Among financial stocks moving on news:

(+) Net Element (NETE) still was 3% higher Thursday afternoon, giving back over half of its 12% morning advance that followed the electronic payments processor saying it acquired selected cash-flow assets from Argus Merchant Services and Treasury Payments LLC for a combined $1.42 million. The acquired assets are expected to generate "well over $4 million in gross profits" over the next four years, Net Element said.

In other sector news:

(+) Great Elm Capital Corp (GECC) climbed about 5% on Thursday after the business development company declared a special dividend of $0.24 per share, payable Jan. 30, to shareholders of record on Dec. 28.

(+) Visa (V) added 1% on Thursday after the credit-card issuer announced its GBP198 million purchase of British-based payments processing firm Earthport for GBP0.30 per share in cash, or about $250 million overall.

(-) Independent Bank Group (IBTX) dropped almost 1% on Thursday after the bank holding company and Guaranty Bancorp (GBNK) said they will move forward with completion of their $1 billion, all-stock merger on Jan. 1. Under terms of the upcoming transaction, investors will receive 0.45 of an Independent share for each Guaranty share they now own.

Price: 6.21, Change: +0.19, Percent Change: +3.16