Financial Stocks Again Lead U.S. Markets Higher

Financial stocks have maintained almost all of their Tuesday advance, with the NYSE Financial Sector Index adding nearly 0.7% in value today while financial companies in the S&P 500 Index were climbed almost 1.2%.

In company news, shares of property and casualty and life insurance broker National Security Group (NSEC) have turned little changed in late Tuesday trading, giving back almost all of a nearly 5% advance to $12.98 apiece that followed board member Charles Arnold late yesterday disclosing he has acquired another 500 shares late last week valued at $12.75 each.

Following the Sept. 8 stock purchase, he now owns 14,600 shares of the company’s stock, according to a new regulatory document filed last night.

In other sector news,

(+) CFG, CEO and board chairman Bruce Van Saun makes presentation Tuesday morning at the Barclays Global Financial Services Conference.

(-) IRET, Reports Q1 funds from operations and core FFO of $0.10 per share, beating the analyst mean expecting FFO of $0.09 per share and core FFO of $0.08 per share. Total revenue rose 6.3% to $52.7 mln, also topping the $50.8 mln consensus.

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