( LEND) and most other financial-sector stocks were higher Tuesday after the NationalAssociation of Realtors issued better-than-expected pending home-salesfigures. Merrill Lynch was adding $2.68, or 3.2%, to $85.46. KnightCapital was up 47 cents, or 3%, to $16.32.
Accredited Home Lenders
was surging more than 21% after
securing a new $500 million warehouse facility from a "large commercial bank" and renewing an existing one for another $600 million. Shares were up $1.82 to $10.30.
Marshall & Ilsley
( MI) jumped after
The Wall Street Journal
reported that the Milwaukee-basedbank is closing in on a sponsored spinoff deal for its Metavante subsidiary, with private-equity firm Warburg Pincus planning on taking a minority stake in the payment-processor. Shares were gaining $4.27, or 9.3%, to $50.13.
An AG Edwards analyst upped
rating to buy from hold. Shares of theNew York-based investment firm were leaping $1.33, or 8.6%, to $16.79.
Chicago Mercantile Exchange
canceled a Wednesday shareholder vote on its proposed merger with
ChicagoBoard of Trade
( BOT) and will reschedule the vote in light of
rival bid. The news sent CBOT's shares down $2.20, or 1.2%, to $186.80. CME was recently up $6.43, or 1.2%, to $550.31. ICE was off $3.43, or2.7%, to $124.44.