Top Financial Stocks
Financial stocks are higher with the NYSE Financial Sector Index advancing 1.5% while the S&P Financial 100 Index is more than 1.8% higher this afternoon.
In company news, Stifel Financial ( SF ) is up 1.7% at $40.26 a share after today agreeing to acquire Ziegler Lotsoff Capital Management, LLC, an asset management business with offices in Chicago and Milwaukee.
Financial terms of the deal were not announced. A Q4 closing is expected.
In other sector news,
(+) BAC, Earns $0.20 per share in Q3, topping analyst forecasts by $0.01. Revenue slips 1.3% from year-ago levels to $2.22 bln but still largely matches Street estimates looking for $2.2 bln.
(-) KINS, Files registration statement for a $15-mln public offering of stock, with plans to use net proceeds to capitalize its Kingstone Insurance Co. subsidiary and repaying debt.
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