Butterfield shares get post-earnings boost

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  • Strong rally: Butterfield shares surged as investors responded positively to Tuesday's financial results

    Strong rally: Butterfield shares surged as investors responded positively to Tuesday's financial results


Butterfield Bank shares rallied strongly on both the Bermuda Stock Exchange and the New York Stock Exchange after the bank had reported earnings of nearly $50 million for the second quarter on Tuesday.

On the BSX, Butterfield climbed $1.50, or 3.2 per cent, to a new high of $49 as 3,547 shares changed hands.

The bank’s US-listed shares had an even better day, soaring $3.04, or 6.5 per cent, to reach an all-time closing high of $49.99.

Argus Group Holdings Ltd remained unchanged at $4.10 on the trading of 20,000 shares.

The Royal Gazette/BSX Index gained 67.46 points, or 2.5 per cent, to end the day on 2,798.27.

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Published Jul 25, 2018 at 5:30 pm (Updated Jul 25, 2018 at 6:39 pm)

Butterfield shares get post-earnings boost

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