Top Financial Stocks
JPM +0.8%, hit fresh 52 week highs
BAC +2%, also hit fresh 52 week highs
WFC +0.8%, near 52 week highs
C +1.3%, near 52 week highs
USB +0.5%, near 52 week highs
Financial stocks are higher this afternoon with the NYSE
Financial Sector Index gaining 0.3% and the S&P Financial 100
Index rising 0.5%.
In company news, Resources Connection Inc. (
) rose Friday, with shares of the financial services company
recently climbing over 5% and hitting fresh 52 week highs after
late yesterday reporting fiscal Q2 net income of $0.18 per share,
beating Wall Street estimates by $0.03 per share.
Revenue rose 3.3% year over year to $145.9 million, topping the
Capital IQ consensus by around $6.51 million. Weekly revenue trends
improved steadily throughout the quarter from $11.2 million during
the first week of the period to $11.7 million by week ending Nov.
Gross margin improved 160 basis points from the prior quarter
and 20 basis points quarter-over-quarter to 39.3%.
In other sector news,
(+) JRJC, (+21%, hit 52 week highs) Chinese online financial
services company halves fiscal Q3 net loss compared to the year-ago
quarter, reporting a $1.6 mln net loss on an 83% year over year
rise in revenue to $7.6 mln. No analyst estimates were available
(-) LAND, (-0.1%) Acquires 1,760-acre farm in Cochise County,
Arizona for $6.7 million. The farm-focused real estate firm also
signed a 10-year lease with Premier Grain Farms, a family-owned and
-operated farming company with properties in three states.
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