Top Financial Stocks
Financial stocks are broadly lower with the NYSE Financial
Sector Index retreating 2.1% and the S&P Financial 100 Index
sinking 2.3% in late trade.
In company news, Qiwi plc (
) is up about 2% at $34.12 a share, earlier climbing to a new
52-week high of $36.00 after the specialty lender reported adjusted
Q2 earnings of $0.32 per share, beating the Capital IQ consensus
estimate by $0.10.
Qiwi's net profit during the June quarter rose 57% year over
year to $16.7 million (547 million rubles) while revenue rose 62%
over the same quarter last year to $47.0 million, also topping
analyst estimates by $7.7 million.
"Our second quarter results reflect strong performance across
our business," CEO Sergey Solonin said in prepared remarks. "We
continued to execute on a number of our growth strategies including
expanding the number of participants in our payments network,
increasing the utilization of our service offerings and driving the
adoption of Visa QIWI Wallet."
QIWI also raised its FY13 revenue guidance, forecasting 27% to
30% growth over FY12 levels, up about 4 percentage points over its
In other sector news,
(+) BMO, Q3 earnings of C$1.68 per share, ex items, beats by
$0.16. Revenue climbs 4.4% year over year to C$4.05 bln, topping
the consensus view by $150 mln. Year-ago EPS for Canada's fourth
largest bank as measured by assets was $1.49 per share.
(-) BNS, Canada's third largest bank as measured by assets
raises quarterly dividend by $0.02 to $0.62 per share. Q3 EPS of
C$1.30 matches consensus. Revenue rises 0.2% over the same quarter
last year to C$5.6 bln, beating the Street view by $300 mln.
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