Financial stocks are mostly higher with the NYSE Financial Sector Index rising 0.9% and the S&P Financial 100 Index advancing about 1.2%.
In company news, Deutsche Bank ( DB ) reportedly has suspended several of the lender's New York-based currency traders as part of an internal probe into the alleged manipulation of global currency markets, according to Canada's Globe and Mail newspaper.
The probe is part of a broader international investigation into global currency manipulation. Last year, Britain's Financial Conduct Authority began a formal investigation into possible manipulation in the $5.3-trillion-a-day global FX market. The U.S. Justice Department is also engaged in an active investigation.
According to The Globe and Mail, many banks, including Citigroup ( C ), UBS ( UBS ), Barclays ( BCS ), Royal Bank of Scotland ( RBS ) and JP Morgan (JPM) are co-operating with the investigation. Citigroup, RBS, JP Morgan and Standard Chartered have already fired, suspended, or put currency traders on leave.
DB shares were up 2.3% at $54.40 apiece this afternoon, earlier climbing to a new 52-week high of $54.46 a share.
In other sector news,
(+) BAC, Earns $0.29 per share in Q4, topping the Capital IQ Consensus by $0.03. Revenue climbs 14.9% over same quarter last year to $21.7 bln, also beating estimates by around $530 mln.
(-) KCG, Averaged $24.7 bln dollar volume traded, 5.1 billion shares traded, and 3.7 million trades per day in U.S. equities during December.
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