Signature Bank Reports $2.1M Decrease in Losses and 4 Stocks that Have Hit 52-Week Highs
Argo Group Internati (NASDAQ:AGII): Alteris Insurance Services, which is a wholly-owned subsidiary of Argo Group International Holdings, acquired the operating assets and business rights of Mattei Insurance Services, Inc. The shares closed at $34.49, up $0.31 or 0.91% on the day. They have traded in a 52-week range of $0.00 to $0.00.
ARM Holdings Plc (NASDAQ:ARMH): With Apple’s (NASDAQ:AAPL) new, smaller iPad being released, it will turbocharge the market for 7-inch tablets, which will assist the market in nearly doubling during 2012 and 2013, according to IHS iSuppli. Global sales of tablets with 7-inch displays will likely see a boost of about 100 percent this year to 34 million units, versus 17 million in 2011, the firm predicted. Sales are expected to nearly double again in 2013, with a 96 percent rise to 67 million, it also said. “Just as Apple has dominated the market for 9.7-inch tablets with its iPad, iPad 2 and new iPad models, the company is poised to rule the market for 7.x-inch products, driving rapid growth of the segment in 2012 and 2013,” stated Rhoda Alexander, director, tablet, and monitor research for IHS iSuppli. The shares closed at $31.19, up $3.07 or 10.92% on the day. They have traded in a 52-week range of $21.64 to $31.55.
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Grupo Aeroportuario (NYSE:ASR) Q3 revenue has seen a rise of about 16.5 percent as a result of increases of 14.27 percent in aeronautical revenues, 14.52 percent in non-aeronautical revenues, and 35.21 percent in construction services revenues. The shares closed at $100.83, up $2.46 or 2.5% on the day. They have traded in a 52-week range of $51.68 to $100.82.
Gruma S.A. De C.V. (NYSE:GMK) revealed earlier that it has gained unofficial knowledge regarding a possible interest of a third-party in the acquisition of the minority stake that Archer-Daniels-Midland Company (NYSE:ADM) holds in GRUMA and in some of its subsidiaries. Gruma stated, “If such is the case, as soon as Gruma is formally informed about this possible transaction and its terms and conditions, Gruma will be able to provide additional information.” The shares closed at $12.65, up $0.5 or 4.12% on the day. They have traded in a 52-week range of $7.19 to $12.30.
Signature Bank (NASDAQ:SBNY) reports that Q3 provision for loan and lease losses reached $10.1 million, which is a decrease of $2.1 million, or 16.9 percent, compared to last year’s comparable period. The decrease was mainly a decrease drop in charge-offs. The shares closed at $69.85, up $3.52 or 5.31% on the day. They have traded in a 52-week range of $50.63 to $69.28.
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