Another wave of earnings reports carried financial stocks higher Friday, and among these was Chicago's Aon (AOC Quote).
The insurer said first-quarter earnings vaulted 37% year over year to 70 cents a share on 10% higher revenue at $2.38 billion, vs. Wall Street estimates of 66 cents a share on revenue of $2.26 billion, according to Thomson Financial. Shares were adding 5.2% to $42.08.
The news helped lift the NYSE Financial Sector Index by 34.1 points, or 0.4%, to 9,883.06. The KBW Bank Index, meanwhile, added 0.2% to 117.40.
KKR Financial (KFN Quote) reported first-quarter earnings that surged 22 cents from last year to 60 cents a share -- 13 cents better than expected. The San Francisco-based specialty-finance company gained 1% to $27.27. ...
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