Financial stocks still were mostly higher in late afternoon trading, including a nearly 0.7% gain for the NYSE Financial Index while shares of financial companies in the S&P 500 Friday were climbing over 0.8%. The Philadelphia Housing Index was rising nearly 1.3%.
Among financial stocks moving on news:
(+) BankFinancial Corp (BFIN) swung between small gains and losses Friday after saying its board of directors has approved a 750,000-share increase in its stock buyback program, authorizing the repurchase of up to 5.81 million shares of its common stock. Separately, BankFinancial Friday declared a $0.10 per share dividend, unchanged from its most recent distribution and payable May 24 to shareholders of record on May 8.
In other sector news:
(+) Capital One Financial (COF) rose 6.5% this afternoon. The bank and credit-card issuer reported non-GAAP Q1 net income of $2.90 per share, surpassing the $2.73 per share analyst consensus. Revenue grew slightly year-over-year to $7.08 billion, also exceeding the $7.03 billion analyst mean.
(+) Hilltop Holdings (HTH) was 4% higher after the bank holding company late Thursday reported Q1 net income $0.41 per share on $360.4 million in revenue, beating the Capital IQ consensus expecting a $0.27 per share quarterly profit on $336.0 million in revenue.
(-) Federated Investors (FII) dropped 7% after late Thursday reporting Q1 net income of $0.54 per share, down from a $0.60 per share profit during the same quarter last year and trailing the Capital IQ consensus estimate by $0.02 per share. Total revenue rose to $307.1 million from $263.9 million during the year-ago period but also lagging the $309.1 million Street view.
Price: 14.97, Change: +0.04, Percent Change: +0.27
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