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Financial Winners & Losers: Prudential

 

Financial stocks continued the holiday-shortened week with slight gains Tuesday, as insurance companies and large financial firms benefited from a relatively quiet news day and slow trading.

The KBW Bank Index was up 1.2% in afternoon trading, and the AmEx Securities Broker/Dealer Index was adding 2.2%.

The broad uptick came even the S&P Case-Shiller 20-city home price index fell 18% year over year, indicating additional woes for the mortgage market. The Conference Board's Consumer Confidence Index, meanwhile, hit an all-time low. ...

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