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Financial stocks trended downward Tuesday, mostly moving in concert with the trailing

S&P 500

, but a few names managed to eke out gains.

Among these was Atlanta's


(ICE) - Get Intercontinental Exchange, Inc. Report

, which jumped 5.2% to $149.13 on word Standard & Poor's will add the commodities exchange to its 500 index after the close today.


( OXPS), a Chicago-based online broker, will be added to the S&P SmallCap 600 tracker after Friday's close. Its shares climbed 4.5% to $25.58.

XL Capital

(XL) - Get XL Fleet Corp. Class A Report

also traded higher after saying it will buy back up to $500 million worth of its shares. Shares of the Bermuda-based insurer added $1.28, or 1.7%, to $78.91.

In earnings, New York lender

Financial Federal

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gained 2.4% to $29.66 after beating Thomson Financial's estimates by a penny with a reported profit of 50 cents a share, or $12.7 million, in the quarter ended July 31.

Discover Financial Services

(DFS) - Get Discover Financial Services Report

posted better-than-expected income in its fiscal third quarter, as well, though it was 17.6% lower than last year on a per-share basis. The Illinois-based credit-card concern said it made $202.2 million, or 42 cents a share. Its stock lost 61 cents, or 2.7%, to $21.65.

Elsewhere, J.P. Morgan cut

Marsh & McLennan

(MMC) - Get Marsh & McLennan Companies, Inc. Report

to neutral from overweight. The analyst cited the recent departure of Marsh Inc. CEO Brian Storms -- on the heels of which Marsh was downgraded at both Citigroup and Morgan Stanley -- saying this probably indicates continuing underperformance at the brokerage unit.

Shares of the New York-based company fell substantially out of the gate before lately recovering to a 3-cent dip at $24.77


Flagstar Bancorp

(FBC) - Get Flagstar Bancorp, Inc. Report

slid again after Lehman Brothers and Friedman Billings each cut their price targets on the Michigan bank following yesterday's stock-pummeling conference-call update. Flagstar had said, among other things, that it will need to add between $12 million and $14 million to its loan-loss provision for the third quarter. Today, shares surrendered 7.1% to $10.82.

More broadly, the


Financial Sector Index and the KBW Bank Index were respectively off 0.3% and 0.4%.