Top Financial Stocks
Financial stocks are broadly lower this afternoon with the NYSE
Financial Sector Index sliding 0.7% and the S&P Financial 100
Index falling 0.9%.
In company news, CME Group Inc. (
) is lower this afternoon and the futures and options exchange
saying it has signed a non-binding letter of intent with technology
company 6fusion to explore development of an
Under the terms of the letter, the companies will work together
to explore the development of an open marketplace for trading
financial contracts based on 6fusion's Workload Allocation Cube,
which measures consumption and capacity of compute, network and
CME is down 1.6% at $73.66 a share in late trade.
In other sector news,
(+) BPO, Brookfield Property Partners (
) proposea a tender offer for "any or all" BPO shares it already
doesn't own for $19.34 apiece. BPO shareholders also have the
choice of receiving one BPY limited partnership unit.
(-) IMH, Announces plans to re-enter the residential warehouse
lending business through its new Impac Warehouse Lending division,
which is now accepting applications.