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Tuesday's Financial Winners & Losers

Goldman Sachs (GS - Get Report) surged after the big Wall Street investment firm surpassed Wall Street's third-quarter earnings expectations.

In the quarter, the firm earned $1.59 billion, or $3.26 a share, on revenue of $7.46 billion. Analysts polled by Thomson First Call expected earnings of $2.97 a share and revenue of $7.17 billion. In weeks leading up the earnings announcements, analysts had reduced estimates for Goldman Sachs and other brokers, citing the weak stock market. Shares were trading up $4.82 to $155.82.

Infinity Property and Casualty (IPCC - Get Report) advanced after the Birmingham, Ala.-based property and casualty insurer was upgraded by Morgan Keegan to outperform from market perform. Shares were climbing $2.59, or 6.85%, to $40.40.

TD Banknorth (BNK) slipped after the Portland, Maine-based bank warned that third-quarter profits would fall short of Wall Street expectations. The company said earnings should range between 51 cents and 54 cents in a share. Prior to the warning, analysts had been predicting earnings of 58 cents a share.

The bank says the current analyst estimate is too high "in light of the current interest rate and competitive environment." The lender says it is seeing a "leveling off'" in "commercial and consumer loans'' and a "slowdown'' in its fee-generating lines of business. Shares fell 73 cents, or 2.49%, to $28.63.

Plum Creek Timber (PCL - Get Report) stumbled after the Seattle, Wash.-based real estate investment trust was downgraded by Morgan Stanley to underweight from equal-weight. Shares fell $1.27, or 3.70%, to $33.03.
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SYM TRADE IT LAST %CHG
BNK $19.42 0.21%
BEN $49.15 0.24%
CLMS $12.49 2.00%
GS $209.67 0.42%
IPCC $77.71 2.50%

Markets

DOW 17,720.09 +100.58 0.57%
S&P 500 2,072.79 +9.68 0.47%
NASDAQ 5,004.2670 +17.40 0.35%

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