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CME

Financial Sector Update for 09/25/2015: CME,WMIH,ENV

Top Financial Stocks

JPM +2.09%

BAC +2.22%

WFC +2.00%

C +2.87%

USB +2.21%

Financial stocks were still broadly higher in late Friday trading, with the NYSE Financial Sector Index climbing more than 1.0% and the S&P Financial 100 Index adding nearly 1.3%.

In company news, shares of the CME Group ( CME ) rose Friday after the commodities and derivatives exchange announced a new cooperation agreement with the China Foreign Exchange Trade System to explore mutual opportunities to promote each other's market infrastructure and products.

Under the new pact, the companies are committing to the joint development and innovation of offshore RMB products as well as steps for greater connectivity in their product distribution, beginning with interbank products between the others' countries.

CME shares were up almost 3% at $92.56 apiece, earlier climbing to a session high of $93.04 a share. The stock already had climbed more than 13% over the past year before Friday's price gain.

In other sector news,

(+) WMIH, Receives approval to list on Nasdaq Capital Market beginning on Monday, Sept 28.

(-) ENV, RBC Capital Markets cuts price target by $7 to $40 a share.

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.

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