Top Financial Stocks
Financial stocks were narrowly higher, with the NYSE Financial
Sector Index rising about 0.1% and the S&P Financial 100 Index
climbing about 0.1%.
In company news, Flagstar Bancorp (
) rose Wednesday after posting per-share earnings that topped
analyst projections by 65%.
The bank holding company earned $0.33 per share during the three
months ended June 30, beating the Capital IQ consensus by $0.13 per
At June 30, the Bank had a Tier 1 leverage ratio of 12.52%, up
from 12.44% at end of Q1 but trailing its equity-to-assets ratio of
13.95% at the end of the year-ago quarter.
FBC shares were up more than 10% at $19.22 each in recent trade,
matching its session high. The stock has a 52-week range of $13.71
to $22.88 a share, climbing 21.3% in value over the past 12
In other sector news,
(+) MKTX, (+5.4%) Q2 earnings of $0.48 per share beats by $0.02.
Revenue rises 2.4% year over year to $65 mln, topping estimates by
$540,000. Also boosts stock buyback program by another $65 mln to a
total of $100 mln.
(-) XOOM, (-3.6%) Q3 EPS forecast trails consensus view by at
least $0.02 per share. Projects in-line FY14 earnings, revenue. Q2
net income of $0.09 per share beats by $0.04 while revenue climbs
19% to $39.84 mln, topping estimates by $250,000.
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