Butterfield falls 4% on Wall Street
Updated: Feb 05, 2018 04:34 PM
LOM Financial announced that it repurchased 17,600 of its own shares last month
The Royal Gazette/BSX Index closed where it started the day on 2,314.47 on a day of no trades on the Bermuda Stock Exchange.
But amid a deep sell-off on Wall Street, Butterfield Bank’s New York Stock Exchange-listed shares plunged $1.62, or 4 per cent, to close on $39 — a dollar below its last trade price on the BSX.
LOM Financial Ltd announced that, during January, the company purchased a 17,600 shares at a price of $2.50 for cancellation. LOM has 5,927,278 shares of common stock outstanding.
