Markets
CME

Financial Sector Update for 09/24/2015: CME,CASH,KKR

Top Financial Stocks

JPM -1.56%

BAC -1.40%

WFC -1.30%

C -2.21%

USB -1.51%

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.

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.


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

In This Story

CME

Other Topics

Commodities

Latest Markets Videos

    MTNewswires

    Founded in 1999, MT Newswires (formerly known as Midnight Trader) is a leading provider of original source, multi-asset class, real-time, global financial news and information to most of the largest banks, brokerage firms and professional market data, trading & research applications in North America.

    Learn More