Updated from 1:39 p.m. EDT
Financial stocks underperformed the broader market again Tuesday under an avalanche of mixed earnings.
delivered one of the day's better showings; the insurer jumped 6.8% to $103.30 after posting a first-quarter profit of $267.9 million, or $4.13 a share, which flew past Wall Street's $3.07 estimate, according to Thomson Financial.
( SBIB) gained 7.6% to $11.63 after saying first-quarter per-share earnings climbed 2 cents from last year to 17 cents.
New Jersey-based insurer
estimates as well. Operating income was 7.7% higher at $1.53 a share, 15 cents better than the Street's consensus. Share rose 95 cents, or 1.8%, to $54.71.
Among other financial names lifted by positive first-quarter earnings were insurer
, which added 5.1% to $73.15;
Reinsurance Group of America
, up 4.8% at $62.60; and Ohio-based bank
, which rose 4.9% to $21.29.
On the flip side, online broker
( TRAD) was one of the sector's worst percentage losers, sliding 8.7% after saying it will probably earn 17 cents to 18 cents a share in the second quarter vs. analysts' 20-cent per-share expectations. Shares lost $1.17 to $12.28.
Chicago Mercantile Exchange
, sank on 2.9% to $531.30 on
, despite topping income estimates, and both
( LAB) and
missed bottom-line targets. LaBranche, a specialist firm, was off 7.3% to $8.30; student lender Sallie Mae slipped 61 cents to $53.74.
Brown & Brown
fell after saying that nearly half of its 19.4% year-over-year profit jump was due to a large investment cash-in. The insurance broker's first-quarter bottom line beat targets by 2 cents as a result, but shares fell $1.95, or 6.9%, to $26.17.
Financial Sector Index was down 0.4% to 9756.04; the KBW Bank Index was down 0.4% to 115.74.