Top Financial Stocks
Financial stocks are little changed, with the NYSE Financial Sector Index slipping about 0.1% and the S&P Financial 100 Index rising about 0.1%.
In company news, Extra Space Storage ( EXR ) has received an extra pop, with shares climbing after the company said late-morning it bought 17 self-storage facilities in Virginia from an unidentified seller for $200 million.
The company has another five properties under contract with a combined purchase price of $58.0 million. It acquired a total of 78 properties for around $586.0 million during the 12 months ended Dec. 31, 2013, EXR said.
EXR shares were up about 0.3% at $42.11 each in recent trade, rising to an intra-day high of $42.31 soon after the opening bell. The stock has a 52-week range of $36.50 to 49.29 a share, sliding around 15% since topping out in late October.
In other sector news,
(+) GPN, (+4.4%) Earns $1.07 per share in Q2, up from $0.93 last year and beating analyst expectations by $0.04 per share. Revenue rose 8% to $634.1 mln, topping estimates by $9.12 mln. Boosts FY14 EPS, revenue guidance but still trails consensus.
(-) AFG, (-0.3%) Announces deal to to acquire workers' compensation administrator Summit Holdings Southeast Inc. from Liberty Mutual Insurance for $250 mln in cash. The deal is expected to immediately add to the insurer's 2014 earnings, it said.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.