NEW YORK (MarketWatch) � Shares of NYSE Euronext climbed 3% to top the S&P 500 index�s gainers, bucking a Friday pullback for the financial sector after the exchange operator�s CEO sketched out an optimistic future.
�I�m still glad we tried the Deutsche Boerse merger,� said Chief Executive Duncan Niederauer on a conference call with analysts. Germany�s Deutsche Boerse DE:DB1 �DBOEF �and NYSE Euronext NYX �formally scapped what would have been a transatlantic merger last week.
Niederauer also detailed a two-year action plan to generate earnings growth.
Click to Play Europe next week: Greece, earningsGreece�s parliament is slated to vote Sunday, and euro-zone finance ministers will meet on Wednesday to officially sign off on a propsective bailout deal for the debt-ridden country. Nestle, BNP Paribas and SocGen will report earnings.
Earlier, the company reported that fourth-quarter earnings fell to $110 million from $135 million a year earlier, hit by merger expenses and a tax settlement charge. Quarterly revenue rose to $628 million from $613 million. Read full coverage of the NYSE, on MarketWatch
In the broader financial sector, the Financial Select Sector SPDR ETF XLF , which tracks the financial stocks in the S&P 500 SPX , shed 1%.
Among the financial stocks in the Dow Jones Industrial Average DJIA , all four � Bank of America Corp. BAC �, J.P. Morgan Chase & Co. JPM �, American Express Co. AXP �and Travelers Cos. TRV �� fell.
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