upgraded the online financial firm to buy from neutral.
The analyst said the recent selloff in the wake of
Bank of America's
decision to offer free stock trading was overdone. Shares were trading up 85 cents, or 3.9%, to $22.70.
( TRAD) slipped after the Plantation, Fla.-based online brokerage was downgraded by
to neutral from buy. Shares were trading down 46 cents, or 2.9%, to $15.38.
( PFB) lost ground after the California lender missed Wall Street's second-quarter earnings expectations. The company earned $14 million, or 56 cents a share, compared with $13.4 million, or 54 cents a share, a year ago. Excluding items, it earned $14.1 million, or 57 cents a share, compared to $12.8 million, or 52 cents a share, a year ago. Analysts polled by Thomson First Call were looking for earnings of 59 cents a share. Shares were trading down $1.86, or 5.5%, or $32.02.
, in a belated regulatory filing, said it lost $33.8 million, or 47 cents a share, in the first half of the year, compared to negligible earnings in the first half of 2005. The Puerto Rican lender is trying to right itself following a regulatory investigation into its accounting practices. The bank's earnings have been delayed due to a massive restatement. Doral, meanwhile, does not expect to meet the filing deadline for the third quarter. Shares fell 21 cents, or 3.9%, to $5.15.
lost ground after the charge card giant said third-quarter net income declined from a year ago and revenue missed Wall Street expectations.
In the third quarter, net income fell 6% to $967 million, or 79 cents a share, compared to $1.03 billion, or 82 cents a share, a year ago. But earnings from continuing operations rose 11% to $956 million, or 78 cents a share. Net revenue rose 12% to $6.76 billion, missing the analyst estimate of $6.81 billion. Earnings beat estimates by 2 cents, according to Thomson Financial. Shares were trading down $1.09, or 1.9%, to $56.95