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Midday Friday: Peapack-Gladstone up following deal news


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Midday Friday: Peapack-Gladstone up following deal news

Peapack-Gladstone Financial Corp. was up 1.50% to $30.41 around midday Friday, May 26. The company announced that it is buying asset manager Murphy Capital Management Inc.

Following Thursday's negative close, U.S. bank stocks were still marginally trading lower around noon.

The SNL U.S. Bank Index lost 0.15% to 524.89, while the SNL U.S. Thrift Index fell 0.16% to 880.04. The Dow Jones Industrial Average was down 0.06% to 21,069.86, the S&P 500 decreased 0.01% to 2,414.80, while the Nasdaq composite index fell 0.03% to 6,203.67.

Among the nation's largest banks, JPMorgan Chase & Co. was down 0.17% to $85.22, Bank of America Corp. slid 0.13% to $23.22, Wells Fargo & Co. dropped 0.30% to $52.62, and Citigroup Inc. fell 0.29% to $61.77.

In the thrift space, Astoria Financial Corp. slipped 0.71% to $18.79, while BofI Holding Inc. lost 0.04% to $22.63.

Market prices and index values are current as of the time of publication and are subject to change.