SI Financial Group, Inc. stock price

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  • 11/20/2017 12:04:14

    U.S. senators seek details on 'dubious' oversight shift by Japanese bank

    A decision by Mitsubishi UFJ Financial Group Inc (MTU) to shift its U.S. banks from state regulators to a federal bank regulator is garnering scrutiny from a pair of U.S. Democratic senators.

  • 11/07/2017 14:14:39

    Dow ekes out record close, but S&P 500, Nasdaq stumble lower

    The Dow Jones Industrial Average managed to ring up a fresh all-time high on Tuesday, but the broader market was weighed by a slump in bank and technology shares, as investors awaited further details on the Republican Party's tax bill and gauged the likelihood of its passage. The Dow Jones Industrial Average rose less than 0.1% at 23,557, but advanced enough to record a fresh closing record. The S&P 500 index finished down less than a point at 2,590, with its moves limited by a 1.3% downturn in the financials sector . The Nasdaq Composite Index , meanwhile, saw the sharpest slide relative to its peer benchmarks, down 0.3% at 6,767. The moves comes a day after all three equity benchmarks booked closing records at the same time. Moves in the Dow were capped by a slide in shares of J.P. Morgan Chase & Co. and Goldman Sachs Group Inc. , which cut more than 30 points from the price-weighted Dow. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 11/07/2017 10:40:43

    Goldman, J.P. Morgan stocks knock Dow industrials lower in afternoon trade

    The Dow Industrial Average saw its losses firm in afternoon trade on Tuesday, with shares of banks leading the charge. The Dow Jones Industrial Average was off about by 35 points, or 0.2%, at 23,513, the S&P 500 index retreated 0.1% at 2,587, while the Nasdaq Composite Index gave up 0.4% at 6,762. The financials sector, as measured by the exchange-traded Financial Select Sector SPDR ETF , was down 1.3%, on pace for its worst daily decline since Sept. 8, according to FactSet data. Among Dow components, shares of J.P. Morgan Chase & Co. and Goldman Sachs Group Inc. were cutting a combined 33 points from the price-weighted, blue-chip benchmark. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 10/31/2017 12:46:00

    IDBI Bank expects balance sheet stability by March 2019

    With capital infusion from the government and a turnaround plan in place, IDBI Bank expects stability to return to its balance sheet by March 2019.The government-owned bank, in the red due to large provisioning for loans gone bad, posted a net loss of Rs 198 crore in the quarter ended September (Q2), from a profit of Rs 56 crore in the same period of 2017. The net loss for the June quarter (Q1) was Rs 858 crore.However, operating profit rose by 81.7 per cent to Rs 2,798 crore in Q2 from a year before (it was Rs 877 crore in Q1). M K Jain, managing director, said the growth in operating profit was expected to be 20-22 per cent for the financial year ending March 2018.In September, the bank hired The Boston Consulting Group (BCG) to accelerate its turnaround plan and improve financial performance. IDBI is supposed to focus on four areas -- revenue enhancement, cost control & reduction, asset productivity and overall programme management, in consultation with BCG.Executives said the

  • 10/25/2017 13:16:47

    Mexican bank Banorte agrees to take over peer Interacciones

    MEXICO CITY, Oct 25 (Reuters) - Mexican bank Grupo Financiero Banorte has signed an accord to acquire peer Grupo Financiero Interacciones in a cash and shares deal that would create the second biggest financial group in Mexico by assets, Interacciones said on Wednesday.

  • 10/20/2017 06:43:17

    Bank stocks tracker jumps toward 10-year high after budget bill passes

    Bank stocks got a bit lift Friday, as the passage of the budget bill by the Senate helped push up Treasury yields. The bill's passage is seen as paving the way for President Trump's proposed tax cuts, could lift longer-term interest rates by boosting economic growth and increasing the deficit, which would increase Treasury supply. The SPDR Financial Select Sector ETF rallied 1.0% in premarket trade, putting it on track to open at the highest price seen during regular session hours since Nov. 1, 2007. Among the ETF's most-heavily weighted components, shares of J.P. Morgan Chase & Co. climbed 1.2%, Bank of America Corp. surged 1.8%, Citigroup Inc. rallied 1.3%, Goldman Sachs Group Inc. gained 1.3% and Wells Fargo & Co. tacked on 1.0%. Higher long-term yields can help goose bank profits, as it would increase the interest rate spread between longer-term assets, like loans, and shorter-term liabilities to fund those assets. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 09/22/2017 14:32:33

    FSOC discussed designation of a systemically important institution

    The Financial Stability Oversight Council said Friday it discussed the ongoing annual reevaluation of its designation of a nonbank financial company -- in all likelihood, a reference to American International Group , as media reports suggested the group of regulators would ahead of the meeting. The FSOC didn't say what, if anything, was decided. If the FSOC ruled that AIG was no longer a systemically important financial institution, the insurer would no longer be subject to federal oversight via the Federal Reserve. AIG was bailed out by the federal government during the financial crisis of 2008.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 09/21/2017 20:37:04

    All 50 state Medicaid directors oppose Obamacare repeal bill

    All 50 state Medicaid directors have come out against Senate Republicans' latest bill to repeal and replace Obamacare, joining the chorus of opposition from health and insurance groups. In a statement Thursday, the bipartisan National Association of Medicaid Directors warned the so-called Graham-Cassidy bill would place a huge financial burden on states. "Taken together, the per-capita caps and the envisioned block grant would constitute the largest intergovernmental transfer of financial risk from the federal government to the states in our country's history," the group said. NAMD also said the bill vastly underestimates the ability of states to create their own health-care programs in just two years, as the bill requires. "The vast majority of states will not be able to do so within the two-year timeframe envisioned here, especially considering the apparent lack of federal funding in the bill to support these critical activities," they said. The Senate is expected to vote on the measure next week. Almost every major health-care organization, key Republican governors and a major insurance lobby have come out opposing the bill.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 09/20/2017 17:00:13

    Florence declined and London may too, banks warn ahead of May's speech

    Britain is in danger of losing its place in the financial world much in the same way Florence did after its Renaissance heyday, an industry group warned on Thursday. In statement ahead of Prime Minister Theresa May's speech on Brexit in the Italian city, TheCityUK, Britain's most powerful finance lobby said it was "crunch time" for finance firms.

  • 09/05/2017 14:17:05

    Bank stocks log worst one-day slide in more than 3 months

    Financial shares on Tuesday registered their worst single-session slump in months as benchmark yields declined amid elevated geopolitical worries swirling in the market. A popular exchange-traded fund used to bet on financial performance, the Financial Select Sector SPDR ETF , closed off 2.1%, marking its steepest one-day slide since May 17, when it fell 3.2%, according to FactSet data. The decline in financials, highlighted by a 3.6% fall in shares of Goldman Sachs Group Inc. , came as the yield for the 10-year benchmark Treasury slipped to its lowest level, around 2.08%, since Nov. 10, just after President Donald Trump was elected. Global unrest centered on rising military tensions between North Korea and the rest of the globe after the Hermit Kingdom tested a hydrogen bomb over the weekend has underpinned a flight to assets perceived as safe, like government paper, which has pushed yields to lows. Bond prices and yields move inversely. More broadly, the financial sector was the worst performer among the S&P 500's 11, off 2.2%. The broad-market gauge closed down 0.8% at 2,457, the Dow Jones Industrial Average ended off 1.1% at 21,753, with Goldman's shares exacting the biggest toll on the price-weighted benchmark, about 55 points. The Nasdaq Composite Index closed 0.9% lower at 6,375. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 09/05/2017 10:53:07

    Bank stocks on pace for worst one-day slide in more than 3 months

    Financial shares on Tuesday were facing their worst single-session slump in months as benchmark yields slumped amid elevated geopolitical worries swirling in the market. A popular exchange-traded fund used to bet on financial performance, the Financial Select Sector SPDR ETF , was off 2.1%, putting it on pace to book its steepest one-day slide since May 17, when it fell 3.2%, according to FactSet data. The decline in financials, highlighted by a 3.2% fall in shares of Goldman Sachs Group Inc. , came as the yield for the 10-year benchmark Treasury slipped to its lowest level, around 2.08%, since Nov. 10, just after President Donald Trump was elected into office. Global unrest centered on rising military tensions between North Korea and the rest of the globe after the Hermit Kingdom tested a hydrogen bomb over the weekend has underpinned a flight to assets perceived as safe, like government paper, which has pushed yields to lows. Bond prices and yields move inversely. More broadly, the financial sector was the worst performer group among the S&P 500's 11. The broad-market gauge was down 1.1% at 2,449, the Dow Jones Industrial Average was off 1.1% at 21,742, with Goldman's shares exacting the biggest toll on the price-weighted benchmark. The Nasdaq Composite Index was 1.4% lower at 6,342. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 09/05/2017 09:43:19

    Bank stocks on pace for worst one-day slide in 3 weeks

    Financial shares on Tuesday were facing their worst single-session slump in weeks as benchmark yields slumped amid elevated geopolitical worries swirling in the market. A popular exchange-traded fund used to bet on financial performance, the Financial Select Sector SPDR ETF , was off 1.5%, putting it on pace to book its steepest one-day slide since Aug. 17, when it fell 1.7%, according to FactSet data. The decline in financials, highlighted by a 3.2% fall in shares of Goldman Sachs Group Inc. , came as the yield for the 10-year benchmark Treasury slipped to its lowest level, around 2.08%, since Nov. 10, just after President Donald Trump was elected into office. Global unrest centered on rising military tensions between North Korea and the rest of the globe after the Hermit Kingdom tested a hydrogen bomb over the weekend has underpinned a flight to assets perceived as safe, like government paper, which has pushed yields to lows. Bond prices and yields move inversely. More broadly, the financial sector was the worst performer group among the S&P 500's 11. The broad-market gauge was down 0.5% at 2,464, the Dow Jones Industrial Average was off 0.7% at 21,845, with Goldman's shares exacting the biggest toll on the price-weighted benchmark. The Nasdaq Composite Index was 0.6% lower at 6,397. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 08/28/2017 07:56:03

    Insurance stocks clobbered as investors await loss estimates for hurricane Harvey

    Insurance stocks were mostly lower Monday, as investors awaited the initial estimates of losses from hurricane Harvey, which devastated Texas over the weekend. "While it is early days and Harvey is expected to bring even more rain and flooding for another week, our best guess at this point is Harvey could result in $10-$20bn of industry insured losses making it one of the top 10 most costly hurricanes to hit the U.S.," J.P. Morgan analyst Sarah DeWitt wrote in a Monday note. CreditSights analysts said the most vulnerable lines of business include allied lines, commercial and private auto, commercial multiple peril, homeowners and farmowners multiple peril, crop mulitple peril, private crop, fire, flood and inland marine. Among the companies that are most exposed to the region, Allstate Corp. shares fell 1.7%, Progressive Corp. shares were down 2.5%, Chubb Ltd. fell 1.6%, CNA Financial Corp. was down 0.5% and Hartford Financial Services Group Inc. was down 2%. RenaissanceRe Holdings Ltd. fell 1.8% and Everest Re Group Ltd. fell 2.5%. Dow Jones Industrial Average component Travelers Cos. Inc. fell 3%, to shave about 20 points off the price-weighted index. The S&P 500 was flat. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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