Top Financial Stocks
Financial stocks are slightly lower in late trade with the NYSE
Financial Sector Index slipping 0.2% and the S&P Financial 100
Index also falling about 0.2%.
In company news, J.P. Morgan (
) is narrowly higher shortly before the closing bell, with shares
up about 0.1% at $52.80 a share and erasing small declines earlier
in the session as analysts today applauded the bank's $5.1 billion
mortgage-related settlements announced late Friday.
For example, ISI analyst Glenn Schorr wrote he thinks the FHFA
settlement will have a "minimal" effect on JPM's Q4 earnings.
"All-in," he reportedly wrote on Monday, according to Marketwatch.
"We think this is a positive for the stock."
In other sector news,
(+) SBCF, Swings to $0.47 per share Q3 profit, including
one-time items, reversing $0.01 net loss during the year-ago
(-) BX, Company president and Chief Operating Officer Hamilton
"Tony" James sells 3.25 million equity units for a combined $88.6
million between Oct. 23 and Oct. 25.
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