Top Financial Stocks
Financial stocks were moderately higher in afternoon trading, including a more than 0.3% gain for the NYSE Financial Index while shares of financial companies in the S&P 500 were rising more than 0.2%. The Philadelphia Housing Index was falling 0.4%.
Among financial stocks moving on news:
(+) Fanhua ( FANH ) rose more than 6% after the Chinese insurance firm reported Q4 net income of $RMB1.99 per American depository share, up from RMB1.98 per ADS during the year-ago period, following a 26.3% year-over-year increase in revenue to RMB871.9 million. Analyst estimates were not available for comparison.
In other sector news:
(+) Lloyds Banking ( LYG ) was edging higher in recent trading after Goldman raised its investment recommendation for the UK company's stock to neutral from sell.
(-) TheStreet ( TST ) declined Tuesday, falling more than 2%, after the financial news platform reported a Q4 net loss of $0.06 per share, reversing a $0.59 per share profit during the same quarter in 2017 and missing the Capital IQ consensus expecting a $0.02 per share net loss.
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