Top Financial Stocks
Financial stocks are mixed with the NYSE Financial Sector Index
slipping about 0.1% and the S&P Financial 100 Index climbing
In company news, McGraw Hill Financial (
) is slightly lower in late trade, with shares trading mostly in
negative territory this afternoon after the publishing and
financial services company today hired away a Citigroup (
) executive to be the new president of its Standard & Poor's
Ratings Services unit.
Neeraj Sahai will join S&P on Jan. 6, 2014, from Citi's
Securities and Fund Services business, where he also acted as the
bank's chief fiduciary officer. He'll succeed Douglas Peterson, who
was named president and chief executive officer of McGraw Hill
Financial several weeks ago.
In other sector news,
(+) FITB, Agrees to pay $25 mln to Freddie Mac (
) as part of a settlement over defective mortgages sold to the
government-sponsored home-loan financier prior to Jan. 1, 2009.
(-) BBVA, Bank of America reduces the Spanish financial company
to Underperform from Neutral, citing its recent weak Q3 financial
results. The BoA research team also reduced its price target by 25
cents to $10.70 per share.
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