was stronger a day after the company and
Fidelity National Title Group
( FNT) agreed to settle an investigation by New York Attorney General Eliot Spitzer. Both firms said they will reduce their fees charged to New York homebuyers.
The agreement stemmed from an investigation into the title-insurance business by Spitzer's office. Spitzer claims his office found "illegal rebates and referral fees'' in the industry, but he didn't file any charges against the two companies. Also, First American was upgraded by Keefe Bruyette to outperform from market-perform. Shares gained $2, or 4.9%, to $42.60.
said second-quarter earnings rose 22.8% from the year-ago period, helped by higher interest income and advisory fees. The company earned $39.9 million, or 29 cents a share, in the quarter, compared with $32.5 million, or 23 cents a share, a year ago.
Second-quarter revenue rose 15.9% from a year ago to $211.5 million. Operating income climbed 10.6% to $60.6 million. Second-quarter interest income jumped 91% to $2 million, and assets under management rose 20% to $118.8 billion. Shares of Eaton Vance were up 28 cents, or 1.1%, at $26.58.
( NFI) slipped after the company said it acquired the warehouse-lending customers of Georgia's nBank. Shares of NovaStar dipped 41 cents, or 1.3%, to $30.82.
Provident Financial Holdings
was up 1.6% after the banking firm said its board authorized the repurchase of up to 5% of its common stock. Shares of California-based Provident were gaining 44 cents to $28.33.