Financial Stocks Mixed Today; Provident Financial Climbs Over 6% Following $0.02 Q3 EPS Beat

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Top Financial Stocks

JPM +0.4%

BAC +0.4%

WFC +0.3%

C -0.12%

USB -0.2%, earlier hit fresh 52 week highs

Financial stocks are mixed with the NYSE Financial Sector Index slipping less than 0.1% while the S&P Financial 100 Index is up slightly more than 0.2%.

In company news, Provident Financial Services ( PFS ) is up 6% at near $18.90 a share, just off its new 52-week high after reporting Q3 earnings of $0.28 per share, beating the Capital IQ consensus by $0.02 per share.

PFS also continues to report improved asset quality, with non-performing loans totaling $81.6 million on Sept. 30, representing 1.60% of its loan portfolio compared to 1.78% at the end of its June quarter and 2.19% at the end of the year-ago quarter.

In other sector news,

(-) ING, (-1%) Reduces its stake in ING U.S. Inc. ( VOYA ) by another 2% to 57% after underwriters exercise overallotment options to purchase an additional 4.95 mln shares at $29.50 apiece, generating $146 mln in gross proceeds for ING.

(-) BSAC, (-2.7%) Reports Q3 net income of $0.43 per ADR, trailing analyst expectations by $0.05.



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

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This article appears in: Investing , Commodities

Referenced Stocks: PFS , VOYA

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