Financial Stocks Narrowly Lower; Blackstone Group Down Following Insider Selling


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Top Financial Stocks

JPM +0.42%

BAC +0.39%

WFC +0.03%

C +0.38%

USB -0.03%

Financial stocks are lower, with the NYSE Financial Sector Index falling 0.3% and the S&P Financial 100 Index slipping about 0.1%.

In company news, private-equity firm Blackstone Group LP ( BX ) is down 1.2% at $26.38 a share after disclosing in a regulatory filing late Friday that company President and Chief Operating Officer Hamilton "Tony" James sold 3.25 million equity units for a combined $88.6 million between Oct. 23 and Oct. 25.

BX's units remain up 68% for the year despite Monday's selloff and remain within close range of their 52-week high of $28.73.

In other sector news,

(+) SBCF, (+2.3%) Swings to $0.47 per share Q3 profit, including one-time items, reversing $0.01 net loss during the year-ago quarter.

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

Copyright (C) 2014 All rights reserved. Unauthorized reproduction is strictly prohibited.

This article appears in: Investing , Commodities

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