Today's Financial Stock Winners and Losers
CBOT Holdings
(BOT)
slipped after the Chicago Board of Trade and the New York Board of Trade said they signed a nonbinding letter of intent to host the New York board's financial products on the CBOT's electronic-trading platform.
The CBOT will also host the Asian-based commodity contracts to be listed on the Joint Asian Derivatives Exchange. Shares of CBOT Holdings fell $2.58, or 2.7%, to $92.70.
Euronet Worldwide
(EEFT) - Get Euronet Worldwide, Inc. Report
advanced on news the Leawood, Kan., electronic-payments provider has entered the Chinese market with an ATM outsourcing agreement with the Postal Savings and Remittance Bureau, the fifth-largest financial institution in China.
Euronet also said it set-up a joint venture in China, Euronet China. Shares of Euronet Worldwide gained $1.10, or 3.6%, to $31.45.
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Ambac Financial Group
(ABK)
rose after the New York-based financial services company beat analysts' fourth-quarter earnings estimates. The company posted earnings of $204.3 million, or $1.90 a share, up from $188.8 million, or $1.69 a share, a year ago.
Analysts polled by Thomson First Call expected the company to report earnings of $1.71 a share. Shares of Ambac Financial rose $2, or 2.7%, to $76.34.
Shares of
Affiliated Managers Group
(AMG) - Get Affiliated Managers Group, Inc. Report
were higher after the Massachusetts-based asset management company beat analysts' fourth-quarter earnings expectations. The company reported net income of $38.8 million, or 90 cents a share, up from $23.3 million, or 58 cents a share, a year ago.
The company posted cash earnings of $1.42 a share, up from $1.09 last year. Analysts were looking for earnings of $1.29 a share. Revenue rose 48% to $272.5 million. Affiliated Managers Group was up $6.32, or 7.3%, to $93.02.
