Top Financial Stocks
Financial stocks are ending with steep declines today with the
NYSE Financial Sector Index falling 0.9% and the S&P Financial
100 Index retreating 1.4%.
In company news, American Express Co. (
) is lower in late trade, with shares of the credit card issuer
slipping about 1.3% to $76.30 apiece and the company declaring a
regular quarterly dividend of $0.23 per common share, payable Nov.
8 to shareholders of record on Oct. 4.
In other sector news,
(+) SIR, Reworks its contract with REIT Management &
Research LLC on how fees are calculated and paid. It also said
shareholders will elect all of the trustees on its board each year
rather than for staggered terms.
(-) C, Financial Times reports the bank's trading revenue fell
sharply compared to year-ago levels due to a mid-summer
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