Financial Sector Review: Winning and Losing Stocks on Oct 21st

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

Gainers (% price change)

  • SVB Financial Group (NASDAQ:SIVB): The shares closed at $46.05, up $4.54, or 10.94%, on the day. Its market capitalization is $1.99 billion. About the company: SVB Financial Group is the holding company for Silicon Valley Bank. The Bank is a commercial bank that serves emerging growth and middle-market growth companies in targeted niches, focusing on the technology and life sciences industries. Silicon Valley operates offices throughout the Silicon Valley and other areas of California, as well as in other states.
  • Capital Bank Corporation (NASDAQ:CBKN): The shares closed at $2.04, up $0.17, or 9.09%, on the day. Its market capitalization is $175.04 million. About the company: Capital Bank Corporation is the holding company for Capital Bank. The Bank offers a broad range of financial services through offices throughout North Carolina. The Company also operates Capital Bank Investment Services, Inc., which provides investment advisory and brokerage services.
  • Banner Corporation (NASDAQ:BANR): The shares closed at $17.00, up $1.16, or 7.32%, on the day. Its market capitalization is $285.86 million. About the company: Banner Corporation a bank holding company involved in the business of planning, directing and coordinating the business activities of its subsidiary banks. The Banks offers a wide variety of commercial banking services and financial products to individuals, businesses and public sector entities.
  • Capital One Financial (NYSE:COF): The shares closed at $43.29, up $2.8, or 6.92%, on the day. Its market capitalization is $19.89 billion. About the company: Capital One Financial Corporation is a diversified bank. The Bank, through its subsidiaries, offers a broad spectrum of financial products and services to consumers, small businesses and commercial clients both domestically and internationally. Capital One has bank locations in Connecticut, Louisiana, New Jersey, New York, and Texas.
  • First Commonwealth (NYSE:FCF): The shares closed at $4.64, up $0.3, or 6.91%, on the day. Its market capitalization is $486.77 million. About the company: First Commonwealth Financial Corporation is a bank holding company. The Company, through its subsidiaries, provides general banking business and offers a range of financial services including traditional retail banking services, such as savings, time deposits, mortgage, consumer installment, and commercial loans.

Losers (% price change)

  • Helios High Yield Fund (NYSE:HHY): The shares closed at $23.14, down $4.54, or 16.4%, on the day. Its market capitalization is $157.94 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.
  • Radian Group Inc. (NYSE:RDN): The shares closed at $2.45, down $0.18, or 6.84%, on the day. Its market capitalization is $326.37 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.
  • MGIC Investment Corp. (NYSE:MTG): The shares closed at $2.30, down $0.14, or 5.74%, on the day. Its market capitalization is $462.64 million. About the company: MGIC Investment Corporation, through its subsidiary, provides private mortgage insurance coverage in the United States. The Company’s customers include thrifts, mortgage bankers and brokers, commercial banks, credit unions, and other lending institutions. The Company also provides, through subsidiaries, underwriting and contract services related to home mortgage lending.
  • Flaherty & Crumrine Pref (NYSE:PFD): The shares closed at $13.55, down $0.65, or 4.58%, on the day. Its market capitalization is $145.90 million. About the company: Flaherty & Crumrine Preferred Income Fund Inc. is a diversified, closed-end management investment company incorporated in the USA. The Fund seeks high current income. The Fund invests primarily in adjustable & fixed rate preferred stocks and similar hybrid, i.e., fully taxable, preferred securities. The Fund will invest in securities issued by utilities and by the banking industry.
  • ProShares UltraShort S (AMEX:SDS): The shares closed at $20.91, down $0.81, or 3.73%, on the day. Its market capitalization is $2.12 billion. About the company: UltraShort S&P500 ProShares is an exchange-traded fund incorporated in the USA. The Fund seeks daily investment results that correspond to twice (200%) the inverse (opposite) of the daily performance of the S&P 500 Index.

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

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