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Updated from 1:39 p.m. EDT
Financial stocks underperformed the broader market again Tuesday under an avalanche of mixed earnings.
Everest Re (RE Quote) delivered one of the day's better showings; the insurer jumped 6.8% to $103.30 after posting a first-quarter profit of $267.9 million, or $4.13 a share, which flew past Wall Street's $3.07 estimate, according to Thomson Financial. Sterling Bancshares (SBIB Quote) gained 7.6% to $11.63 after saying first-quarter per-share earnings climbed 2 cents from last year to 17 cents.
New Jersey-based insurer Chubb (CB Quote) handily topped estimates as well. Operating income was 7.7% higher at $1.53 a share, 15 cents better than the Street's consensus. Share rose 95 cents, or 1.8%, to $54.71. ...
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