were off after the Chicago-based investment management company posted fourth-quarter earnings that were in line with analysts' expectations.
The company reported net income of $43.5 million, or 53 cents a share, compared with $43.5 million, or 45 cents a share, a year ago. Nuveen Investments dropped 6 cents, or 0.1%, to $44.18 in recent trading.
climbed after the Quincy, Ill., bank holding company said its board authorized a 3-for-1 stock split, which is subject to shareholder approval. The company said it has 12 million shares authorized and about 2 million outstanding.
The split would increase that number to roughly 6 million. Shares of Mercantile Bancorp rose $3, or 4.6%, to $68.50 in recent trading.
surged 6.4% after the New York-based investment company posted fourth-quarter earnings of 68 cents a share, up 24% from a year ago.
Net earnings were up 32% to a record $46.7 million. Also, the company reported $1.5 billion in annual total revenue. Jefferies Group rose $3.04 to 51.19.