Updated from 11:30 a.m. EDT
A number of stocks in the financial sector were on the rise Tuesday following positive research from Wall Street analysts, including an upbeat call on the newly merged
Citigroup initiated the exchange operator with a buy rating and a $113 price target. NYSE Euronext shares closed up 15 cents to $96.20.
Meanwhile, BMO Capital expects good things from both
( OXPS), and it started each with an outperform rating.
BMO began coverage of
with a market perform rating and a $19 target.
TD Ameritrade got a $24 target, and its shares rose 2% to $15.62. OptionsXpress, who received a $31 target, was advancing 2.2% to $24.87. Schwab was up 0.3% earlier in the day but closed down 0.4% at $19.11.
Another mover was
, which rose 1.6% to $52.40 amid reports that the financial-services giant might be getting close to cutting thousands of jobs in a bid to lower expenses and streamline its business.
The New York Times
reported that more than 26,000 workers could be let go or reassigned, while
said the number would be closer to 17,000.
Last month, reports emerged that Citi was
aiming to chop 15,000 employees from its payrolls as part of a program to cut costs by $1 billion a year.
( FFH), after rising moderately earlier in the day, closed down 1.7% to $230.38 following Ferris Baker's decision to lift its price target on the stock by $38 to $250, and
Friedman Billings Ramsey
climbed 1.1% to $5.57 after saying it would sell shares of its FBR Capital Markets division to the public.
rose 0.8% earlier in the day on word that its New York Board of Trade unit set a new daily electronic volume record of 147,958 contracts on Monday, exceeding the old benchmark by nearly 51%. Shares closed down 0.4% at $127.95.
As for the broad sector trackers, the KBW Bank Index was up slightly to 114.6, and the NYSE Financial Sector Index was higher by 0.5% at 9548.2.