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Wall Street News

Financials Rise in a Flat Market

March 23, 2017

 

Biggest Winner:  FBR & Co. ..... +2.59%

  • Shares probably got Thursday's bounce from its proposed merger with B. Riley FInancial, in a $160Mn transaction that values FBR shares at $20.28. FBR were trading as low as $11.45 back on 11/29/17. [See Financialish Article, 2/21/17.]

 

Biggest Loser:   Credit Suisse ..... -  2.61%

  • Shares took a hit on Thursday's report that CS is considering raising capital through a sale of stock, which would dilute current shareholders' positions.