Markets

Financial Sector Update for 10/02/2015: RVSB,HME,BKMU

Top Financial Stocks

JPM -0.26%

BAC -1.19%

WFC -0.43%

C -0.11%

USB -0.98%

Financial stocks turned narrowly mixed just before the close, with the NYSE Financial Sector Index adding 0.2% and the S&P Financial 100 Index falling nearly 0.4%.

In company news, Riverview Bancorp, Inc. ( RVSB ) closed narrowly lower late Friday with a 20% increase in its quarterly dividend not quite enough to lift shares of the bank holding company back to positive ground today.

The $0.015 per share dividend will be paid Oct. 27 to shareholders of recrod on Oct. 12.

RVSB shares were down 0.2% at $4.83 each this afternoon, climbing back from an earlier slide to $4.50 a share.

In other sector news,

(+) HME, Shareholders late Thursday vote to approve its acquisition by Lone Star Funds, which is paying $75.23 in cash for each HME share. The deal is expected to close next Wednesday, Oct. 7.

(-) BKMU, Cut to Market Perform from Outperform in a downgrade today by the Hovde Group.

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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