This article covers updates on Financial Sector:
Major News: Major news from financial sector includes the earning declaration of CME Group Inc. (NASDAQ:CME) on Thursday, February 5, after market close. On the other hand CME Group Inc., the world’s largest futures-market operator, said Wednesday it is closing most of its futures trading pits in Chicago and New York as electronic trading has become the overwhelmingly dominant way futures contracts are bought and sold. The move, which will take effect by July 2, brings to a close nearly 150 years of barking and jostling over the price of grains, oil and interest rates.
Top Mover: Vestin Realty Mortgage II, Inc (NASDAQ:VRTB) gained 12.73%, and closed at $4.25 and traded between $3.58and $4.48after opening the day at $3.58. The company is now valued at around $ 11.16 million.
Vestin Realty Mortgage II, (VRTB) invests in loans secured by real estate through deeds of trust or mortgages. The company operates in three segments: Investments in Real Estate Loans, Investments in Real Property, and Investment in a Real Estate Administration Company.
Enova International Inc (NYSE:ENVA) inclined 7.68%, and closed at $22.14, soon after an online financial services company declared financial results for the quarter and year ended December 31, 2014.
- Total income of $194.7 million in the fourth quarter of 2014 declined 6.7% from $208.8 million in the fourth quarter of 2013 as a 17.3% raise in U.S. income was more than offset by a 34.2% decrease in international income, primarily a result of regulatory changes in the U.K.
- Gross profit margin of 68.9% in the fourth quarter of 2014 rose over 10 percentage points from the fourth quarter of 2013, as a result of changes in underwriting in the U.K. driven by new regulations, in addition to kept on enhancements to our underwriting models.
Enova International (ENVA) provides online financial services to alternative credit consumers in the United States, the United Kingdom, Australia, Canada, and Brazil.
Green Dot Corporation (NYSE:GDOT) increased 5.52%, and closed at $14.71, as a technology-centric, pro-consumer bank holding company, stated financial results for the fourth quarter ended December 31, 2014. For the fourth quarter of 2014, Green Dot reported growth of 6% year-over-year in non-GAAP total operating incomes1 to $153 million and adjusted EBITDA of $25.8 million, representing 47% year-over-year growth.
Green Dot Corporation (GDOT) together with its subsidiaries operates as a technology-centric, pro-consumer bank holding company that provides personal banking for the masses.
Santander Consumer USA Holdings Inc (NYSE:SC) raised 4.95%, and closed at $20.97, soon after a specialized consumer finance company, declared net income for fourth quarter 2014 of $247.0 million, or $0.69 per diluted ordinary share, up from the third quarter 2014 net income of $191.4 million, or $0.54 per diluted ordinary share, and up from fourth quarter 2013 net income attributable to SCUSA shareholders of $113.9 million, or $0.33 per diluted ordinary share.
Santander Consumer USA Holdings (SC) a specialized consumer finance company, provides vehicle finance and unsecured consumer lending products in the United States.
SLM Corp (NASDAQ:SLM) rose 2.47%, and closed at $9.56, following the news that a financial services company, declared that Chief Financial Officer Steven J. McGarry will speak at the 16th Annual Credit Suisse Financial Services Forum on Wednesday, Feb. 11, at 1 p.m. EST.
SLM Corp (NASDAQ:SLM) also known as Sallie Mae, together with its subsidiaries, operates as a financial services company specializing in education in the United States.
