Bank and thrift stocks were down slightly in morningtrading Thursday, May 5, amid the latest reports on jobless claims and plannedlayoffs.
The broader markets were in positive territory, withthe Dow Jones Industrial Average
The U.S. Labor Department reported that in the weekended April 30, the advance figure for seasonally adjusted initial joblessclaims was 274,000, up 17,000 from the previous week's unrevised level.
The four-week moving average was 258,000, compared tothe previous week's unrevised average of 256,000, according to the LaborDepartment's report.
JPMorganChase & Co.
Lafayette, La.-based IBERIABANK Corp. was trading at $57.50 around midday, up1.20% from the previous close, amid news that the company's board authorizedthe repurchase of upto 950,000 common shares.
High Point, N.C.-based ticked up 0.14% to $21.88.The company recently announced that its unit and the FDICagreed on May 2 to terminate all existing loss-share agreements related tothe bank's acquisition of two failed banks in 2010 and 2011.
First ofLong Island Corp. retreated 1.76% to $29.00. The Glen Head,N.Y.-based company announced yesterday that it an underwritten public offeringof 1.2 million common shares at $29 per share, for gross proceeds of $34.8million.
Atlanta-based SunTrust Banks Inc. fell 0.62% to $40.39. The companydisclosed in a quarterly filing that it is facing a U.S. attorney into suspectedembezzlement by an employee of a SunTrust business client.
Among notable movers, Holland, Mich.-based rose 4.22%to $7.17; San Juan, Puerto Rico-based First BanCorp. jumped 2.79% to $3.68; and San Juan,Puerto Rico-based OFGBancorp climbed 2.51% to $8.39. Little Rock, Ark.-based ,meanwhile, dropped 2.45% to $36.76.
In the thrift space, Westbury, N.Y.-based
Market prices andindex values are current as of the time of publication and are subject tochange.