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Sector Update: Financial

Posted
11/15/2013 3:41:00 PM
By: MT Newswires
Referenced Stocks:CME

Financial stocks are adding slightly to their earlier gains this afternoon with the NYSE Financial Sector Index adding 0.5% and the S&P Financial 100 Index rising 0.4%.

In company news, CME Group Inc. ( CME ) is ahead 0.8% at $79.47 a share and the owner of the Chicago Mercantile Exchange today saying its computer systems were hacked in July and "certain customer information" for its clearing services platform was compromised.

The hackers broke into the CME ClearPort platform, which clears trades for various over-the-counter products, including energy and metals trades. In a statement, CME officials said there was no evidence any transactions or other services were affected.

"To protect participants, CME Group forced a change to customer credentials impacted by the incident, and is corresponding directly with the impacted customers," the company said in today's statement.

The incident is being investigated by the U.S. government, including the Federal Bureau of Investigation.

In other sector news,

(+) EMCI, Announces 9.5% increase in its quarterly dividend to $0.23 per share, saying the $0.02 per share boost "reflects the strength of our financial position and confidence in our long-term outlook."

(-) WU, CFO Scott Scheirman announces plans to leave the company on Feb. 28, 2014. He will stay in his current position through Dec. 31, with the president of WU's business solutions then taking on interim duties until a permanent replacement is hired.