Financial stocks were narrowly mixed with the NYSE Financial
Sector Index holding on to less than a 0.1% gain and the S&P
Financial 100 Index slipping about 0.1% this afternoon.
In company news, Arthur J. Gallagher & Co. (
) has been trading lower today, recently sliding about 1% at $16.04
a share after the acquisition-minded insurance broker said it
purchased Jenkins & Associates for an undisclosed sum.
Springfield, Mo.-based Jenkins & Associates offers employee
benefit and consulting services, including group medical, dental,
life insurance and long term care programs for corporate clients
throughout the Midwest. In particular, the company specializes in
working with public school consortiums and various association
In other sector news,
(+) AXP, Agrees to repay an estimated $59.5 million to more than
335,000 consumers for illegal credit card practices. Separately,
Susquehanna reiterates Neutral rating for the stock with a $90
(-) CWBC, Federal Reserve Board approves request by the bank to
again pay outstanding, cumulative dividends on the Company's Series
A preferred stock.
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