Top Financial Stocks
Financial stocks are fighting off a slump for shares of JPMorgan
Chase & Co (
) and Wells Fargo (
) to lift the NYSE Financial Sector Index to a 0.4% advance while
the S&P Financial 100 Index also is holding on to a 0.4%
In company news, IntercontinentalExchange Inc. (
) is up 0.4% at $194.00 a share shortly before the closing bell
with the company now expecting to secure all of the approvals
needed to close its $10-billion acquisition of NYSE Euronext (
) by Nov. 4.
"We are in signature-gathering mode in Europe," said NYX Chief
Executive Duncan Niederauer during at an event last night hosted by
the Investment Company Institute, according to the Wall Street
Journal. "I would fully expect we will hit that date."
NYX shares are up 02% at $4.23 each.
The Nov. 4 close is predicated on the companies receiving the
remaining approvals from national European regulators and financial
authorities, ICE and NYX officials said in a news release earlier
yesterday, adding the date still could be extended.
In other sector news,
(+) LXP, Announces public offering of 10 mln shares of its
common stock, with plans to use net proceeds to pay down existing
debt under its unsecured revolving credit facility recently used to
purchase three Manhattan parcels.
(-) NMFC, Prices public offering of 3 mln shares of its common
stock at $14.34 each, also selling another 3 million shares on
behalf of New Mountain Finance AIV Holdings.
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