U.S. bank stocks were trading higher while thrift stocks continued to dip, along with broader markets, during morning trading on Friday, Dec. 30, the last trading day of 2016.
The SNL U.S. Bank Index grew 0.39% to 532.97, while the SNL U.S. Thrift Index slid 0.07% to 967.89 around midday. The Dow Jones Industrial Average declined 0.04% to 19,812.35, the Nasdaq composite index dropped 0.54% to 5,402.91 and the S&P 500 fell 0.14% to 2,246.11.
The nation's biggest banks were trading higher. JPMorgan Chase & Co. ticked up 0.33% to $86.17, Bank of America Corp. was up 0.80% to $22.17, Citigroup Inc. added 0.33% to $59.58 and Wells Fargo & Co. gained 0.68% to $55.22.
Among notable movers in the banking industry, Bala Cynwyd, Penn.-based Royal Bancshares of Pennsylvania Inc. rose 5.43% to $4.09; Springfield, Mo.-based Guaranty Federal Bancshares Inc. climbed 3.54% to $21.95; and Richmond, Va.-based Community Bankers Trust Corp. added 2.55% to $7.13.
In the thrift space, Westbury, N.Y.-based New York Community Bancorp Inc. was up 0.76% to $15.90, while San Diego-based BofI Holding Inc. slid 1.04% to $28.62 and Lake Success, N.Y.-based Astoria Financial Corp. dipped 0.11% to $18.71.
Market prices and index values are current as of the time of publication and are subject to change.