Markets

Financial Sector Update for 01/21/2015: IBKR,NTRS,OKSB

Top Financial Stocks

JPM +0.92%

BAC +1.54%

WFC +1.15%

C +1.78%

USB +3.54%

Financial stocks were moderately higher Wednesday with the NYSE Financial Sector Index climbing about 0.4% and the S&P Financial 100 Index adding about 0.5%.

In company news, Interactive Brokers Group ( IBKR ) rose Wednesday, reversing an early decline for shares of the online trading platform after reporting better-than-expected Q4 earnings, upstaging a year-over-year decline in quarterly revenue.

The company last night posted GAAP net income during the three months ended Dec. 31 of $7.1 million, or $0.12 per share, up from a $3.6 million profit during the prior-year period and beating the Capital IQ consensus by $0.06 per share.

Excluding the impact of foreign currency translations, its per-share earnings rose to $0.77 per share from a $0.73 per share non-GAAP gain during the year-ago quarter.

Total net revenues declined 16.7% year over year to $208.1 million, trailing Wall Street expectations by $20.95 million.

IBKR shares were ahead nearly 3% at $28.88 apiece after earlier dropping as low as $27.31 a share. The stock has traded within a 52-week range of $20.35 to $29.85 a share, rising more than 24% over the past year prior to today's advance.

In other sector news,

(+) NTRS, (+6.4%) Q4 adjusted EPS of $0.98 beats Capital IQ consensus by $0.17 per share. Revenue climbs 8.1% year over year to $1.13 bln, topping estimates by around $30 mln.

(-) OKSB, (-1.7%) Q4 net income of $0.30 per share beats analyst estimates by $0.10 per share. Boosts dividend by 50% to $0.06 per share, payable Feb. 13 to shareholders of record on Jan. 30.

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

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

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