During Thursday’s trade, following is the summary for financial sector:
- Ocwen Financial Corp. (NYSE:OCN), was the top gainer and the most volatile stock of the financial sector for the last trading session, and added 6.25% to the share., while the stock remained 12.16% volatile for the week and 13.50% for the month.
- American Express Company (NYSE:AXP), was among the top loser of the sector, losing -6.43% from the share, and was settled at $80.48.
- WisdomTree Investments, Inc. (NASDAQ:WETF) - lately hits new 52-week high of $19.52, and was settled at $18.41.
- Firsthand Technology Value Fund, Inc. (NASDAQ:SVVC) lately hits new 52-week low of $14.37, and was settled at $14.53.
- Bank of America Corporation (NYSE:BAC), was the most active stock for the session, and gained volume of 116.39M.
- American Realty Capital Properties, Inc. (NASDAQ:ARCP), will release their earning report, before the market close today.
Insights about some real losers from financial sector segment, amid Thursday’s exchange are depicted underneath:
American Express Company (NYSE:AXP), dipped -6.43% to close at $80.48, soon after American Express Company (NYSE:AXP), declared that its U.S. co-brand and merchant acceptance contracts with Costco Wholesale Corporation are set to end on March 31, 2016. Until that time, all American Express credit cards will be accepted at Costco warehouse stores in the U.S. and on Costco.com. All co-branded cards from American Express and Costco can be used any place American Express cards are accepted through March 31, 2016.
American Express Company (NYSE:AXP), is a global services company, providing customers with access to products, insights and experiences that enrich lives and build business success.
Shares of American Realty Capital Properties, Inc. (NASDAQ:ARCP), dropped -0.11% and closed at $9.34, as on February 9, Corvex Administration LP, which manages investment funds that collectively own about 7.7% of the outstanding shares of American Realty Capital Properties Inc. (ARCP), released a letter to the Board of Directors of ARCP. The letter comprises an open letter to any potential candidates for ARCP’s CEO or Chairman defining the principles necessary for these executives to embrace in order for ARCP to reach its full potential and become an industry-leading net lease REIT.
American Realty Capital Properties, Inc. (NASDAQ:ARCP), is a global services company, providing customers with access to products, insights and experiences that enrich lives and build business success.
MetLife, Inc. (NYSE:MET), dropped -0.16% to close at $50.33, as MetLife, Inc. (NYSE:MET), stated the following results for the fourth quarter and full year 2014:
MetLife stated operating earnings* of $1.6 billion, up 2 percent over the fourth quarter of 2013. On a per share basis, operating earnings were $1.38, up 1 percent over the preceding year quarter. Operating earnings in the Americas grew 4 percent on a stated basis and 6 percent on a constant currency basis. Operating earnings in Asia raised 3 percent on a stated basis and 9 percent on a constant currency basis. Operating earnings in Europe, the Middle East and Africa (EMEA) reduced 4 percent on a stated basis but raised 9 percent on a constant currency basis.
Fourth quarter 2014 operating earnings comprised of the following items:
- a formerly declared raise in asbestos legal reserves, which reduced operating earnings by $117 million, or $0.10 per share, after tax.
- tax adjustments in Latin America and EMEA, which raised operating earnings by $27 million, or $0.02 per share, after tax.
- favorable catastrophe experience and preceding year development, which raised operating earnings by $16 million, or $0.01 per share, after tax.
MetLife, Inc. (NYSE:MET), through its auxiliaries and associates (“MetLife”), is one of the largest life insurance companies in the world. Founded in 1868, MetLife is a global provider of life insurance, annuities, employee benefits and asset administration. Serving about 100 million customers, MetLife has operations in nearly 50 countries and holds leading market positions in the United States, Japan, Latin America, Asia, Europe and the Middle East. For more information, visit www.metlife.com.
Shares of the NorthStar Realty Finance Corp. (NYSE:NRF), plunged -0.54% & closed at $18.53. as on February 6, NorthStar Realty Finance Corp. (NYSE:NRF), declared that it will host a conference call to talk about fourth quarter and fiscal year 2014 financial results on Friday, February 27, 2015 at 10:00 a.m. Eastern. Hosting the call will be David T. Hamamoto, Chairman and Chief Executive Officer; Albert Tylis, President; Daniel R. Gilbert, Chief Investment and Operating Officer; and Debra A. Hess, Chief Financial Officer. A press release with fourth quarter and fiscal year 2014 financial results is planned to be issued before the market open on February 27, 2015.
NorthStar Realty Finance Corp. (NYSE:NRF), is a diversified commercial real estate company that is organized as a REIT. NorthStar Realty is managed by an associate of NorthStar Asset Administration Group Inc. (NSAM), a leading global asset administration firm.