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Financial stocks largely crowned the climbing broader market on Wednesday, and one of the biggest winners was XL Capital (XL Quote).
The Bermuda-based insurer jumped 6.7% to $78.70 after trouncing first-quarter estimates, reporting income of $543.4 million, or $3.03 a share (excluding items), vs. Wall Street's $2.13-per-share estimates, as per Thomson Financial. Another Bermudian insurer, Ace (ACE Quote), rose 3.7% to $60.86 after handily topping bottom-line expectations.
The NYSE Financial Sector Index, of which XL is a component, was recently leaping 87.71 points, or 0.9%, to 9843.75. The KBW Bank Index climbed 0.7% to 116.61. ...
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