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AIV

Sector Update: Financial

Financial stocks are broadly higher today with the NYSE Financial Sector Index rising 1.1% and the S&P Financial 100 Index advancing 1.0%.

In company news, Apartment Investment and Management Co. ( AIV ) is up about 0.6% in late trade at $28.72, giving back most of its earlier gains that followed the company today declaring a dividend for its Class Z 7.0% cumulative preferred stock of $0.4375 per share for the period July 15 through Oct. 14.

The dividends will be payable Oct. 15 to shareholders of record on Oct. 1.

In other sector news,

(+) COF, Said delinquencies rose during in August from July for both its U.S. and international credit-card businesses with the 30-day delinquency rate for U.S. credit cards rising to 3.24% in August from 3.18% in July.

(+) PLD, The real estate investment trust was cut to Hold from Buy today by analysts at Stifel Nicolaus.

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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