Markets

Financial Sector Update for 07/30/2015: BANC,EHTH,ITG

Top Financial Stocks

JPM -0.17%

BAC -0.14%

WFC +0.22%

C -0.46%

USB -0.13%

Financial stocks were narrowly lower today, with the NYSE Financial Sector Index slipping about 0.1% and the S&P Financial 100 Index dropping about 0.2%.

In company news, Banc of California ( BANC ) was falling in Thursday trade, with shares of the bank holding company getting no apparent help from better-than-expected net income during the April-to-June period.

Net income during the three months ended June 30 was $0.32 per share, topping the Capital IQ consensus by $0.04 per share.

The bank also said its consolidated assets rose to $6.4 billion at the end of the latest quarter, up 4.9% over the prior quarter and rising 48.8% over the same quarter last year. Total deposits grew 53% year over year to $5.1 billion.

BANC shares were down almost 7% to $12.51 each, earlier falling to a session low of $12.37 a share.

In other sector news,

(+) EHTH, (+27.00%) Q2 EPS of $0.44 beats Capital IQ consensus by $0.29 per share. Revenue fell 6.3% from last year to $39.9 million, still topping the $37.63 million consensus. Stifel Nicolaus upgrade to Buy from Hold with $18 price target.

(-) ITG, (-22.7%) Sets aside $20.3 mln for a probable settlement with regulators over how the brokerage's AlterNet subsidiary ran its dark-pool private trading venue.

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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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