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Home » FINANCIAL » Momentum Financial Stocks Alert - Equifax, (EFX), Ocwen Financial, (OCN), BGC Partners, (BGCP), First American Financial, (FAF), Progressive, (PGR)
Momentum Financial Stocks Alert – Equifax, (EFX), Ocwen Financial, (OCN), BGC Partners, (BGCP), First American Financial, (FAF), Progressive, (PGR)

Momentum Financial Stocks Alert - Equifax, (EFX), Ocwen Financial, (OCN), BGC Partners, (BGCP), First American Financial, (FAF), Progressive, (PGR)

February 13, 2015 12:55 pm by: Category: FINANCIAL Leave a comment A+ / A-

European markets got a lift after world pioneers secured a truce bargain for Ukraine and as financial specialists stayed confident that Greece would have the capacity to achieve an arrangement with its lenders.

The Standard & Poor’s 500 raised 14 focuses, to 0.7 percent, to 2,084 starting 11:06 a.m. Mountain time.

The Dow Jones mechanical normal increased 66 points or 0.4 to 17,928.

Financial stocks were comprehensively higher today with the NYSE Financial Sector Index climbing more than 1.0% and the S&P Financial 100 Index climbing just about 0.9%.

Advanced Insight, a supplier of online and versatile answers for the financial administrations industry (and a NCR organization), has reported a concurrence with biometrics engineer EyeVerify that will bring its eye vein checking technology to the keeping money industry.

Sargent will be joined by abnormal state authorities from Finance Canada, the Bank of Canada, and the Office of the Superintendent of Financial Institutions (OSFI), the Canada Deposit Insurance Corporation, and the Financial Consumer Agency of Canada.

The dollar fell to 119 yen from 120.16 yen the previous day. The euro rose to $1.1406 from $1.1319.

The Economic and Financial Sector Policy (EFSP) Dialogs are cars to create and keep relations on budgetary part focuses in the middle of Canada and India, and to advance coordinated effort in the middle of Indian and Canadian money related foundations.

Comprehensive data about some major gainers from financial sector, amid Friday’s trade is described below:

Equifax Inc. (NYSE:EFX)’s shares inclined 8.51% and led the share to close at $92.74, hitting new 52-week high of $92.88, soon after the release that Equifax Inc. (NYSE:EFX), declared financial results for the quarter and full year ended December 31, 2014. The company stated proceed from ongoing operations of $624.6 million in the fourth quarter of 2014, an 8 percent raise from the fourth quarter of 2013 and a 10 percent raise in local currency. On a non-GAAP basis, adjusted proceed raised 12 percent in local currency, contrast to the fourth quarter of 2013, not including the influence of the collection of certain reserved 2012 billings in 2013. Fourth quarter diluted EPS from ongoing operations attributable to Equifax was $0.80, an raise of 29 percent from the fourth quarter of 2013. On a non-GAAP basis, adjusted EPS from ongoing operations attributable to Equifax was $1.02, up 12 percent from the fourth quarter of 2013.

Equifax Inc. (NYSE:EFX), is a global leader in consumer, commercial and workforce information solutions that provide businesses of all sizes and consumers with insight and information they can trust.

Ocwen Financial Corp. (NYSE:OCN), gained 6.25% to close at $9.01, as Ocwen Financial Corp. (NYSE:OCN), held the second meeting of the company’s Community Advisory Council on Friday, February 6, 2015. The 17-member Council — a diverse group of national, regional and local non-profit housing counseling, community development and civil rights organizations from across the country — met to talk about critical issues in the ongoing housing crisis and continued progress in maintaining collaborative lines of communication between mortgage servicers, borrowers and local communities. The meeting was attended by Ocwen CEO Ronald Faris and new board member Phyllis Caldwell, former Chief, Homeownership Preservation Office at the U.S. Department of the Treasury.

Ocwen Financial Corp. (NYSE:OCN), is a financial services holding company which, through its auxiliaries, is engaged in the servicing and origination of mortgage loans. Ocwen is headquartered in Atlanta, Georgia, and has additional offices and operations in California, Florida, Iowa, New Jersey, Pennsylvania, Texas, the United States Virgin Islands, Washington, DC, India and the Philippines.

BGC Partners, Inc. (NASDAQ:BGCP), surged 6.15% to close at $9.15, soon after BGC Partners, Inc. (NASDAQ:BGCP), declared Graham Sadler will be retiring. Mr. Sadler will stay full-time at BGC until a successor is found.

“Graham has been with us for more than six years and represents a key part of our senior administration team. His financial acumen, industry expertise, and dedication to BGC have made him a tremendous asset,” said Howard W. Lutnick, Chairman and Chief Executive Officer of BGC. “We wish Graham success in the next chapter of his life. We thank him for staying on to ensure a smooth transition period until we find a successor of his caliber.”

Mr. Sadler joined BGC and Cantor Fitzgerald in December 2008 and served as CFO for Europe and Asia. In April 2009 he was promoted to Chief Financial Officer of BGC Partners globally. BGC will start conducting a search for a successor right away.

BGC Partners, Inc. (NASDAQ:BGCP), is a leading global brokerage company servicing the financial and real estate markets. Products comprise fixed revenue securities, interest rate swaps, foreign exchange, equities, equity derivatives, credit derivatives, commercial real estate, commodities, futures, and structured products.

First American Financial Corporation, (NYSE:FAF), gained 5.28% & closed at $36.90, hitting new 52-week high of $37.11, soon after First American Financial Corporation, (NYSE:FAF), declared financial results for the fourth quarter and year ended Dec. 31, 2014.

Key Features of Current Quarter Highlights:

  • Total proceed of $1.3 billion, up 3 percent contrast with last year
  • Title Insurance segment pretax margin of 10.8 percent, up from 7.8 percent last year
  • Commercial proceeds of $198.7 million, up 13 percent contrast with last year
  • Specialty Insurance segment pretax margin of 18.4 percent
  • Cash flow from operations of $182.4 million
  • Cash flow for the full year 2014 of $348.6 million
  • Issued $300 million of 4.6 percent senior unsecured notes with a 10-year term
  • Debt-to-capital ratio of 18.6 percent as of Dec. 31, 2014

First American Financial Corporation, (NYSE:FAF), is a leading provider of title insurance, settlement services and risk solutions for real estate transactions that traces its heritage back to 1889. First American also provides title plant administration services.

Progressive Corp. (NYSE:PGR), mounted 1.42% to close at $27.05, in its last trade.

Progressive Corp. (NYSE:PGR), formerly on February 2, declared that on January 29, 2015, the Board of Directors fixed the close of business on March 17, 2015 as the record date for the determination of shareholders entitled to notice of, and to vote at, the Annual Meeting of Shareholders planned to be held on May 15, 2015.

Progressive Corp. (NYSE:PGR), makes it easy to understand, buy and use auto insurance. Progressive offers choices so consumers can reach it whenever, wherever, and however it`s most convenient-online at http://www.progressive.com, by phone at 1-800-PROGRESSIVE, on a mobile device or in-person with a local agent. Progressive offers insurance for personal and commercial autos and trucks, motorcycles, boats and recreational vehicles, in addition to home insurance from select carriers.

Momentum Financial Stocks Alert - Equifax, (EFX), Ocwen Financial, (OCN), BGC Partners, (BGCP), First American Financial, (FAF), Progressive, (PGR) Reviewed by on . European markets got a lift after world pioneers secured a truce bargain for Ukraine and as financial specialists stayed confident that Greece would have the ca European markets got a lift after world pioneers secured a truce bargain for Ukraine and as financial specialists stayed confident that Greece would have the ca Rating: 0

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