Quantcast

Financial Sector Update for 06/01/2017: IBKR, FDC, BANFP


Shutterstock photo

Top Financial Stocks

JPM +0.84%

BAC +0.66%

WFC +1.56%

C +0.55%

USB +1.15%

Financial stocks continued to rise this afternoon, with the NYSE Financial Sector Index adding nearly 0.7% in value while financial companies in the S&P 500 Index were rising over 1.0%.

In company news, Interactive Brokers ( IBKR ) was moderately higher in late Thursday trading after the online financial services company today reported 675,000 daily average revenue trades during May, up 5% over the prior-year period.

The company also finished the month with $103 billion in client equity, rising about 4% over the end of April and jumping out to a 42% gain over May 2016 levels. Client margin loan balances totaled $22.4 billion in May, climbing 3% from the prior month and up 48% year over year.

Overall, it finished last month with 418,000 client accounts, up 2% over April and 19% higher than May 2016.

In other sector news,

(+) FDC, Stifel resumes analyst coverage with a Buy investment rating and a $20 price target.

(-) BANF, Approves 2-for-1 stock split, which will be payable in the form of a dividend on July 31.

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

Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.





This article appears in: Investing , Banking and loans
Referenced Symbols: IBKR , FDC , BANFP



More from MT Newswires

Subscribe







MT Newswires
Contributor:

MT Newswires

Market News, Commodities












Research Brokers before you trade

Want to trade FX?