A bounty of earnings data dominated news in the financial sector Tuesday, and one of the biggest winners from a strong quarterly showing was
The New York investment bank posted second-quarter earnings of $67.8 million, or 45 cents a share, up from $45.6 million, or 32 cents a share, in the prior-year period. Revenue was $465.5 million, up from $327.3 million last year. The stock was $1.28, or 4.5%, higher at $29.99.
Other earnings climbers included
(KEY - Get Report)
, up $1.77, or 5%, at $36.87 after
by 14 cents a share. KeyCorp is a component of the KBW Bank Sector Index, which was up 0.4%, at 115.46.
Virginia Commerce Bancorp
was also up 91 cents, or 5.6%, at $17.17 after beating estimates by 2 cents a share, and
First Cash Financial Services
(FCFS - Get Report)
was up 46 cents, or 2.1%, at $22.75 after beating estimates by a penny a share.
Also climbing was
(CIB - Get Report)
, which priced its public offering of 8.4 million American Depositary Shares at $33.25 each, or $279.7 million. The Colombia-based bank was up $2.67, or 7.9%, at $36.55.
On the other hand,
(AIZ - Get Report)
fell 10% after it placed five top execs, including its CEO and financial chief, on
. The move came after regulators gave notice they plan to file civil suits against the men in an investigation of certain loss mitigation insurance products. Adding to the hurt, KeyBanc downgraded its rating to hold from buy. Shares were down $5.91 at $52.89.
lost ground on
that it received up to $150 million in financing commitments from Jeffries and MassMutual. Shares were 25 cents, or 3.3%, lower at $7.26.
(MCBC - Get Report)
fell after reporting a drop in second-quarter earnings to $4.59 million, or 26 cents a share, from $5.76 million, or 33 cents a share, last year. Shares fell 12.8% to $12.84.
Several names reported earnings growth, but nonetheless were trading lower:
(RF - Get Report)
, down 1.6% at $33.66;
(SLM - Get Report)
, down 2.3% at $51.71; and
, down 1.2% at $86.32.