Top Financial Stocks
Financial stocks are off their worst levels of the session with
the NYSE Financial Sector Index sinking 0.8% and the S&P
Financial 100 Index falling 1.0% shortly before the closing
In company news, First Marblehead (
) is down 2.5% at 83 cents a share after announcing plans for
1-for-10 reverse stock split of its outstanding common stock.
The reverse split is scheduled for Dec. 3 and will not change
the par value of its common stock or alter the company's overall
In other sector news,
(+) AGO, Reports non-GAAP EPS of $0.64, a penny better than
analyst forecasts. Revenue slid 23.2% year over year to $297
million, also beating the Capital IQ consensus by around $4
(-) RBS, RBS Reduced to Neutral from Buy at Goldman Sachs.
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