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Financial Stocks Narrowly Lower; Blackstone Group Down Following Insider Selling

By: MT Newswires
Posted: 10/28/2013 12:47:00 PM
Referenced Stocks: BX

Top Financial Stocks

JPM +0.42%

BAC +0.39%

WFC +0.03%

C +0.38%

USB -0.03%

Financial stocks are lower, with the NYSE Financial Sector Index falling 0.3% and the S&P Financial 100 Index slipping about 0.1%.

In company news, private-equity firm Blackstone Group LP ( BX ) is down 1.2% at $26.38 a share after disclosing in a regulatory filing late Friday that company President and Chief Operating Officer Hamilton "Tony" James sold 3.25 million equity units for a combined $88.6 million between Oct. 23 and Oct. 25.

BX's units remain up 68% for the year despite Monday's selloff and remain within close range of their 52-week high of $28.73.

In other sector news,

(+) SBCF, (+2.3%) Swings to $0.47 per share Q3 profit, including one-time items, reversing $0.01 net loss during the year-ago quarter.