NEW YORK ( TheStreet) -- Financial stocks struggled on Tuesday as several conflicting forces including a weak dollar yet positive earnings from MasterCard ( MA - Get Report) and Radian Group ( RDN - Get Report) contributed to the sector's performance.

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The 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 MasterCard fueled shares of the big four payments companies including Visa ( V - Get Report), American Express ( AXP - Get Report) and 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 ) .

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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