Markets

Financial Sector Update for 11/03/2015: GCAP,ONDK,FIS

Top Financial Stocks

JPM +0.61%

BAC +0.97%

WFC +0.11%

C +0.59%

USB +0.12%

Financial stocks were narrowly lower this afternoon, with the NYSE Financial Sector Index slipping about 0.1% and the S&P Financial 100 Index also falling about 0.1%.

In company news, GAIN Capital Holdings ( GCAP ) rose Tuesday after the brokerage company today reported Q3 non-GAAP earnings and revenue that beat analyst projections.

Excluding one-time items, the company earned $0.31 per share during the three months ended Sept. 30, down from a $0.37 per share profit during the same quarter last year and exceeding Wall Street opinion looking for a $0.17 per share adjusted gain. Revenues rose 23.3% from year-ago levels to $127.9 million, also topping the $123.1 million Capital IQ consensus.

GCAP shares were up nearly 8% at $8.18 each this afternoon, easing from a session high of $8.32 a share.

In other sector news,

(+) ONDK, (+9.8%) Adjusted Q3 EPS of $0.10 per share beats Street view expecting $0.01 per share net loss. Record $67.4 million in revenue also exceeds $61.8 mln consensus.

(-) FIS, (-11.4%) Q3 revenue falls 1.7% from year-ago levels to $1.58 billion, trailing the $1.64 billion consensus. Adjusted net income of $0.90 per share matches analyst opinion.

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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