Financial Sector Review: Winning and Losing Stocks

Wall St. Watchdog reveals information about today’s action in the Financial (NYSE:XLF) sector:

Gainers (% price change)

  • Lakeland Bancorp, Inc. (NASDAQ:LBAI): The shares closed at $7.63, up $0.38, or 5.24%, on the day. Its market capitalization is $194.55 million. About the company: Lakeland Bancorp, Inc. is the holding company for Lakeland Bank. The Bank is a full-service commercial bank offering a range of consumer, commercial, trust services, and equipment leasing. Lakeland Bank operates in northwestern New Jersey.
  • MarketAxess Holdings Inc. (NASDAQ:MKTX): The shares closed at $26.93, up $1.12, or 4.34%, on the day. Its market capitalization is $1.02 billion. About the company: MarketAxess Holdings, Inc. operates an electronic, multi-dealer to client platform for U.S. and European high-grade corporate and emerging markets bond trading. The Company’s technology delivers price discovery and trade execution services to institutional and broker-dealer clients.
  • Republic Bancorp, Inc. KY (NASDAQ:RBCAA): The shares closed at $17.15, up $0.62, or 3.75%, on the day. Its market capitalization is $359.37 million. About the company: Republic Bancorp, Inc. is the holding company for Republic Bank & Trust Company. The Bank attracts deposits from the general public and originates a variety of commercial and consumer loans. Republic Bank operates in north central and central Kentucky.
  • Infinity Property and (NASDAQ:IPCC): The shares closed at $48.91, up $1.25, or 2.62%, on the day. Its market capitalization is $597.85 million. About the company: Infinity Property & Casualty Corporation provides personal automobile insurance throughout the United States. The Company focuses on providing nonstandard auto insurance to drivers who represent higher than normal risks and pay higher rates for comparable coverage. Infinity also writes nonstandard commercial auto insurance and complementary personal lines insurance products.
  • Federal Agricultural (NYSE:AGM): The shares closed at $18.78, up $0.47, or 2.57%, on the day. Its market capitalization is $194.25 million. About the company: Federal Agricultural Mortgage Corporation (Farmer Mac) is a federally chartered instrumentality, which establishes a secondary market for agricultural real estate. The Company provides rural housing mortgage loans and adds greater liquidity to the agricultural mortgage market.

Losers (% price change)

  • IMPAC Mortgage Hldgs (AMEX:IMH): The shares closed at $2.08, down $0.94, or 31.13%, on the day. Its market capitalization is $158.29 million. About the company: Impac Mortgage Holdings, Inc. is a mortgage real estate investment trust that invests primarily in non-conforming residential mortgage loans and securities backed by such loans. The Company also purchases and sells and securitizes primarily non-conforming mortgage loans. In addition, Impac provides warehouse and repurchase financing to originators of mortgage loans.
  • Helios High Yield Fund (NYSE:HHY): The shares closed at $22.35, down $5.33, or 19.26%, on the day. Its market capitalization is $152.55 million. About the company: Helios High Yield Fund is a non-diversified, closed-end management investment company incorporated in the USA. The Fund’s objective is high current income, as well as capital growth. The Fund invests at least 65% of its total assets in high-yield bonds, debentures, notes, corporate loans and other debt instruments rated below investment-grade or unrated.
  • Aberdeen Chile Fund, Inc. (NYSE:CH): The shares closed at $16.17, down $2.66, or 14.13%, on the day. Its market capitalization is $133.46 million. About the company: Chile Fund, Inc. is a non-diversified, closed-end management investment company incorporated in the USA. The Fund’s objective is to seek total return consisting of capital appreciation and income. The Fund invests as least 75% of its assets in Chilean equity and debt securities.
  • Franklin Resources, Inc. (NYSE:BEN): The shares closed at $96.79, down $13.88, or 12.54%, on the day. Its market capitalization is $21.35 billion. About the company: Franklin Resources, Inc. provides investment advisory services to mutual fund, retirement, institutional/separate accounts and high net worth investors. The Company manages various asset classes including domestic, international/global and emerging markets equity, domestic, international and municipal fixed income, money funds, alternative investments, and hedge funds.
  • Radian Group Inc. (NYSE:RDN): The shares closed at $2.20, down $0.31, or 12.35%, on the day. Its market capitalization is $293.07 million. About the company: Radian Group Inc. provides financial guarantee insurance. The Company’s products and services enable homebuyers to purchase homes more quickly and with smaller down payments, protect lenders against loan default, and lower the costs of mortgage origination and servicing. Radian also provides insurance and reinsurance to investors in corporate, municipal, and asset-backed securities.

(Note: Selected financial data are sourced from Google Finance. All data are assumed to be accurate.)

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