Top Financial Stocks
Financial stocks were following the broader markets higher today
with the NYSE Financial Sector Index gaining about 1.4% and the
S&P Financial 100 Index advancing 1.5%.
In company news, First American Financial (
) was little changed in late Thursday trading and the financial
services company today announcing an agreement to acquire
Interthinx for $155 million in cash as part of a partnership with
Verisk Analytics (
FAF said it expects the transaction for the provider of loan
analytics and decision support tools will add to its 2014 earnings.
The deal is slated for a March 31 close.
FAF shares were up 0.1% at $24.95 apiece shortly before the
closing bell. VRSK gained 0.2% to $62.41 a share.
In other sector news,
(+) ALL, Shares rise for the first time in five days after the
property and casualty insurer beat analyst forecasts with Q4 EPS of
$1.76 on $8.79 bln in revenue. Wall Street had been expecting a
$1.37 per share profit on $6.97 bln in revenue.
(-) OCN, New York state regulators table the company's $2.7 bln
deal buying mortgage-servicing rights from Wells Fargo (
) because of concerns over its ability to handle more loan
business, people briefed on the action told the New York Times and
the Wall Street Journal.
Copyright (C) 2014 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.