Top Financial Stocks
Financial stocks were slipping Thursday afternoon, with the NYSE Financial Sector Index declining 1.0% and the S&P Financial 100 Index falling 1.1%.
In company news, CME Group ( CME ) was lower in Thursday trading as the commodities and derivative securities exchange said the first of its new Aluminium European Premium Duty-Unpaid futures contracts began trading this week.
Overall, a total of 10 futures contracts were traded on Tuesday, Sept. 22, with an initial price of $72.50 per metric ton.
CME shares were down almost 2% at $89.61 each in early afternoon trade, following a decline as low as $89.41 a share this morning. The stock had risen slightly more than 14% over the past 12 months through Wednesday's close.
In other sector news,
(+) CASH, (+0.3%) Sells 135,625 shares to affiliates of Brookside Equity Partners for $5.7 mln, or about $42.03 per share, a 1.1% discount to Wednesday's closing price.
(-) KKR, (-2.9%) Oppenheimer trims price target by $2 to $31 a share, maintaining Outperform rating.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.