Markets

Financial Sector Update for 04/07/2015: RGLY,NRZ,HLSS,AXP

Top Financial Stocks

JPM +1.10%

BAC -0.04%

WFC +0.36%

C +0.33%

USB +0.46%

Financial stocks were little changed near the closing bell with the NYSE Financial Sector Index advancing less than 01% and the S&P Financial 100 Index slipping about 0.1%.

In company news, Realogy ( RLGY ) was fractionally lower in late Tuesday trade after the real estate broker today said it recently purchased Coldwell Banker United Realtors for an undisclosed sum, expanding the company in several new regions, including Texas and Florida.

The target company currently operates 60 offices with around 2,000 affiliated sales associates, accounting for about $5.8 billion in closed sales volume from more than 23,400 individual transactions.

RLGY shares were down almost 1% at $46.92 apiece, edging off its session low of $46.76 a share. The stock has traded within a 52-week range of $32.91 to $49.32 a share, rising 10% over the past year before the start of today's trade.

In other sector news,

(+) NRZ, Scraps earlier buyout proposal for Home Loan Servicing Solutions ( HLSS ), instead structuring a $1.2 bln purchase of substantially all HLSS assets. Launches offering of 40 mln shares of its stock, with HLSS selling 28.3 mln shares and NRZ selling the remaining 11.7 mln shares.

(-) AXP, Cut to Neutral from Buy at UBS, which also set a $68 price target.

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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