This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Wednesday's Financial Winners & Losers

Updated from 2:51 p.m. EDT

As the financial sector bobbed in and out of positive territory Wednesday, a multitude of names rode high on yet another round of earnings as well as other good news.

PVF Capital (PVFC - Get Report) was a big winner, soaring 20.2% to $15.30 after fellow Ohioan bank United Community Financial (UCFC - Get Report) agreed to buy it for around $130.8 million in cash and stock, or $16.21 a share. The deal should close at or near the end of 2007. United, which expects earnings accretion next year, sank 4.4% to $7.19.

In earnings news, Seattle's SeaBright Insurance (SEAB) was well into the green after posting second-quarter earnings of $10.2 million, or 49 cents a share, vs. 45 cents a share last year, on a year-over-year revenue surge to $60.7 million. Analysts polled by Thomson Financial were seeking 43 cents a share on $60.1 million in revenue. Shares leapt 16.7% to $19.74.

Aflac (AFL - Get Report), another insurance company, beat earnings estimates by a penny with second-quarter operating income of 82 cents a share. Shares lifted 8.3% to $56.19. Fellow insurer ACE Limited (ACE - Get Report) jumped 4.8% on better-than-expected earnings as XL Capital (XL - Get Report) saw about 43% higher per-share earnings to $3 in the second quarter, pushing shares 3.9% higher to $82.07.

Elsewhere, Florida's BankAtlantic Bancorp (BBX - Get Report) racked up 7.5% gains to $8.07 after continuing-operations income leapt 17.6% to 20 cents a share. And MBIA (MBI - Get Report) rose 5.1% after an independent consultant -- who was brought in as part of a January settlement with regulators regarding questionable 1998 transactions -- found the relevant accounting and disclosures to be "consistent with GAAP and the federal securities laws." Shares of the Armonk, N.Y., insurer rose $2.91 to $59.99.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
PVFC $0.00 0.00%
ACE $108.51 0.00%
AFL $64.19 0.00%
BBX $19.14 0.00%
FFBC $17.38 0.00%

Markets

DOW 18,080.14 +21.45 0.12%
S&P 500 2,117.69 +4.76 0.23%
NASDAQ 5,092.0850 +36.0220 0.71%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs