) -- Financial stocks struggled on Tuesday as several conflicting forces including a weak dollar yet positive earnings from


(MA) - Get Report


Radian Group

(RDN) - Get Report

contributed to the sector's performance.


Financial Select Sector SPDR

was flat at $14.56 at midday.

Mortgage insurers got a boost during the day after Radian Group

posted its first profit in five years

. Shares of Radian's stock jumped 17.5% to $8.75 at last check.

PMI Group

( PMI) shares were up 6% to $3.35, while

MGIC Investment

(MTG) - Get Report

shares were rising 2.5% to $8.71.

The positive performance of the monoline group comes as one other firm,

Ambac Financial Group

( ABK), was looking at a

pre-packaged bankruptcy protection

on Monday.

A positive earnings report from


fueled shares of the big four payments companies including


(V) - Get Report


American Express

(AXP) - Get Report


Discover Financial

(DFS) - Get Report

higher. MasterCard shares jumped roughly 2% to $245.97.

Shares of

Wilmington Trust

( WL), slid further on Tuesday after a 40% decline on Monday as investors balked at both the

bank's poor earnings results and sale to M&T Bank (MTB) - Get Report


Wilmington Trust's stock fell 0.7% to $4.18 at last check.

To contact the writer of this article, click here:

Laurie Kulikowski


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