Top Financial Stocks
Financial stocks are broadly lower, with the NYSE Financial
Sector Index sinking 0.8% and the S&P Financial 100 Index
In company news, IntercontinentalExchange Inc. (
) is down 0.5% at $182.39 a share amid reports it has hired three
investment banks to assist with plans to sell Euronext as part of
its broader efforts to acquire NYSE Euronext (
ABN Amro will join existing advisers Societe Generale and JP
) to assist with the sale, which includes combined exchanges in
Paris, Lisbon, Brussels and Amsterdam, sources told Reuters. It
will keep the Liffe interest rate futures exchange.
ICE previously decided to float Euronext to help fund its
$8.2-billion bid for NYX, also believing the sale would ease
regulatory approval of the deal in Europe while keeping its focus
on U.S. operations, one of the sources said.
NYX shares are down 0.4% at $42.19 apiece.
In other sector news,
(-) WHLR, (-3.0%) Prices public offering of 2.75 million shares
at $4.30 apiece, generating $11.83 million in gross proceeds.
(-) EPAY, (-7.0%) Q4 EPS of $0.32 beats by $0.03 per share.
Revenue rises 5.9% over last year to $65 mln, matching the
consensus call. Also announces the purchase of financial messaging
firms Sterci SA and Simplex GTP Ltd. Terms will be disclosed at a
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