JPM +1.6%, close to 52 week highs
BAC +2.4%, also close to 52 weeek highs
WFC +1.5%, ditto
C +1.6%, ditto again
USB +1.1%, ditto a third time.
Financial stocks are broadly higher with the NYSE Financial
Sector Index advancing 1.3% and the S&P Financial 100 Index
In company news, Liberty Property Trust (
) is off 2.85% at just above $37 a share, sliding as low as $37.02
today after late yesterday announcing plans to sell 21 million
shares of its common stock in an underwritten public offering.
The real estate investment trust focusing on office and
industrial properties expects to use net proceeds to finance a
portion of its $1.475-billion acquisition of the Cabot Industrial
Value Fund III.
Separately this morning, Sandler O'Neal lowered its rating for
LRY shares to Hold from Buy. Price target information was not
In other sector news,
(+) CNO, (+2.2%, shy of 52 week highs) Holders of $25.7 million
of the company's convertible senior debentures due 2016 exercise
rights during July, receiving 4.74 million shares of CNO common
stock - or one share for each $5.42 of principal amount.
(-) IVR, (-4.1%) Q2 earnings of $0.59 per share, ex items, miss
Wall Street expectations by $0.02. Net interest income after
provision for loan losses rose 16.1% over year-ago period to $95.56
million, also trailing the analyst consensus by $560,000.
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