financial sector

Financial stocks were weak today, after a huge broad-market rally that drove the Dow Jones Industrial Average beyond the 10,000 mark. Positive outlook offered by State Street (NYSE: STT) yesterday fueled investor optimism, resulting in a more than 5% jump in share price of big banks such as...

After climbing in morning trading, leading US financial companies lost most of their gains as weak US non-manufacturing data for the month of June forced investors to reign in their optimism. The Financial Select Sector SPDR exchange-traded fund (NYSE:XLF) , which tracks the financial stocks in...

The financial sector remained mostly in the red, despite leading financial stocks narrowing their losses for the day. Financial stocks had gone deep into the negative territory in the morning trading session, after weak economic data released today made fears of a double-dip recession seem real....

After starting the day with strong gains, the financial sector ended the day and the quarter in the red. The Financial Select Sector SPDR (NYSE: XLF), an ETF that tracks financial stocks in the S&P 500 Index, was down 0.07% when markets closed. The ETF was down roughly 5% for the month and...

All leading US financial companies dipped today as investor sentiments frayed over weak economic data from China and a dip in consumer confidence index in the US. The Financial Select Sector SPDR exchange-traded fund, which tracks the financial stocks in the S&P 500 Index, lost 3.24% at 3:33 pm...

Following a deal reached by lawmakers regarding new legislation for governing the financial services sector, shares of several financial companies surged today. In the talks that ended early today, lawmakers agreed on several proposed rules that were less stringent than was feared by people. The...

The financial sector remained volatile today, led by mixed housing market data. Followed by losses in early trading hours, the sector witnessed gains for some time, only to lose some of its steam as the session advanced. Existing-home sales recorded a surprise drop in May. However, another...

Financial stocks are soaring today, led by China’s decision to strengthen the yuan against the US dollar. The world’s third largest economy supported its exports by artificially weakening its currency for about two years. A rally was witnessed in riskier assets at the start of the week, after China...

Below are the top 4 small-cap financial stocks on the NASDAQ in terms of cash. Interactive Brokers Group Inc (NASDAQ: IBKR) had $23.73 billion of cash in the latest quarter, while its debt liabilities stood at $624.22 million. Penson Worldwide Inc (NASDAQ: PNSN) had $5.20 billion of cash and $161....

Below are the top 4 mid-cap financial stocks on the NYSE in terms of ROE. Alliance Data Systems Corp (NYSE: ADS) has a trailing-twelve-month ROE of 100.11%. ADS’ quarterly earnings grew by 67.50% year-over-year. Eaton Vance Corp (NYSE: EV) has a trailing-twelve-month ROE of 49.55%. EV’s quarterly...

The financial-services company Lincoln National Corp (NYSE: LNC) is trading higher today, as the company disclosed its plans to repay the US Treasury investment. The plan involves a public offering of equity and debt securities, consisting of $335 million of common shares and a maximum of $750...

Below are the top 5 mid-cap financial stocks on the NYSE in terms of cash. American International Group Inc (NYSE: AIG) had $69.53 billion of cash in the latest quarter, while its debt liabilities stood at $164.55 billion. Woori Finance Holdings Company Ltd (NYSE: WF) had $28.46 billion of cash and...

Below are the top 5 small-cap financial stocks on the NASDAQ in terms of sales growth estimates. The sales of Abington Bancorp Inc (NASDAQ: ABBC) are expected to jump by 184.8% in the next quarter. ABBC’s March quarter earnings were 260% higher than anticipated. The sales of Main Street Capital...

Real estate stocks led the uptrend in the financial sector today, as Fed chief Bernanke gave positive comments on the economy and investors looked forward to the Fed's Beige Book report’s release. The Financial Select Sector SPDR Fund (NYSE: XLF) was up 0.49%, after it rose 2.1% yesterday. Today,...