Top Financial Stocks
Financial stocks were mostly lower with the NYSE Financial
Sector Index retreating about 0.4% and the S&P Financial 100
Index also declining about 0.4%.
In company news, JMP Group (
) was ending higher Wednesday, with shares of the investment
banking and brokerage company rising nearly 2% after increasing its
quarterly dividend by 13% to $0.045 per share, payable April 11 to
shareholders of record on March 28.
Shares were ahead 1.6% at $7.45 apiece, just 3 cents off its
best price of the day. The stock has a 52-week range of $5.99 to
8.42 a share.
In other sector news,
(+) PAY, Q1 EPS of $0.31 per share, ex items, beats by $0.04 per
share. Non-GAAP revenue rises 1.6% to $437 mln, exceeding Street by
$8.35 mln. Projected Q2 revenue tops estimates by at least $1.1
mln. FY14 EPS outlook also beats.
(-) HRZN, Q4 earnings of $0.35 per share misses Capital IQ
consensus by $0.01. Revenue climbs 10.6% from year-ago levels to
$8.78 mln, topping estimates by around $870,000.
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