Financial stocks mixed, though CME Group gains

Posted May 25, 2010 at 5:24 p.m.

Associated Press | Financial stocks traded mostly lower Monday as the entire market
struggled to stay in positive territory. Economic uncertainty in Europe and concerns over regulatory reform
contributed to volatile trading for many banks and asset managers.

Gainers included CME Group Inc., which rose $11.74, or 3.7 percent, to
$330.25 and Citigroup Inc., which rose 12 cents or 3.2 percent to $3.87.

CME Group Inc. maintained its “Buy” rating and the analysts said they
expect a 19 percent growth from current share price levels for the
company, which is likely to benefit from regulatory reform. The company
is a leading electronic trading clearing house and Goldman Sachs
analysts said the company is likely to benefit from more transparency
and other aspects of proposed regulations.

 

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