Top Financial Stocks
Financial stocks finished moderately higher Tuesday, with the NYSE Financial Sector Index rising about 0.2% and the S&P Financial 100 Index climbing about 0.3%.
In company news, KB Financial Group Inc. ( KB ) rose Monday after the Korean financial services company said it has submitted a letter of intent to participate in the final bidding process to acquire Daewoo Securities Co. Ltd. and KDB Asset Management Co. Ltd, according to a regulatory filing today.
KB Financial said it will make additional disclosures as the process continues, including selection of a preferred bidder.
KB American depository shares were up almost 2% at $28.75 each, easing from a mid-morning climb to $28.82 a share.
In other sector news,
(-) SAN, Ruling Parti Popular loses parliamentary majority in national general elections but still held a plurality, creating uncertainty until a ruling coalition is formed.
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