Sector Update: Financial

By
A A A

Financial shares mixed in today's pre-market session with stocks little changed after new housing data. New home construction rose 0.9% in August to an annual rate of 891,000 for single family home starts. That's less than the roughly 921,000 housing starts economists had forecast.

In financial stocks news this morning, E*Trade ( ETFC ) reported today that Daily Average Revenue Trades for August were 147,517, a 5% increase from July and a 21% increase from the year-ago period. ETFC is steady in pre-market trade at $17.48.

The company said it added 30,132 gross new brokerage accounts in August, ending the month with approximately 3.0 million brokerage accounts - an increase of 9,466 from July.

And, Westfield Financial, Inc. ( WFD ) said late Tuesday that its board of directors has authorized a stock repurchase program under which the company may repurchase up to 1.037 million shares, or 5% of its outstanding common stock.

The company completed its previous stock repurchase program of 1.092 million shares of its common stock on June 11, 2013. Shares of WFD are steady at $6.99 in pre-market trade.



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

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


This article appears in: Investing , Commodities

Referenced Stocks: ETFC , WFD

MT Newswires

MT Newswires

More from MT Newswires:

Related Videos

Stocks

Referenced

Most Active by Volume

84,725,997
  • $6.69 ▼ 5.11%
68,180,500
  • $3.38 ▼ 1.74%
52,748,572
  • $99.02 ▲ 1.38%
40,996,811
  • $74.92 ▼ 0.36%
37,831,986
  • $15.50 ▼ 0.58%
34,013,720
  • $31.98 ▼ 4.31%
32,417,159
  • $25.59 ▼ 0.78%
31,985,971
  • $54.87 ▲ 1.20%
As of 7/28/2014, 04:05 PM