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Updated from 1:46 p.m. EDT
Financial stocks strayed far beneath the drowning broad indices Thursday as they were hit particularly hard by encroaching credit worries and issued a stream of disappointing earnings.
Advance America Cash Advance Centers (AEA Quote) and World Acceptance (WRLD Quote) were two of today's worst financial losers after the South Carolina lenders both came in short of Wall Street expectations, per Thomson Financial. The former missed by 2 cents with a second-quarter profit of 19 cents a share; the latter posted 61-cent income for the fiscal first quarter, which is off by 3 cents.
Advance America shares plunged 12.6% to $15.65 as World Acceptance lost 9.7% to $34.13. ...
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