Top Financial Stocks
Financial stocks were extending their gains from earlier this afternoon, with the NYSE Financial Sector Index adding more than 1.8% and the S&P Financial 100 Index also climbing over 1.8%.
In company news, shares of the Lending Club ( LC ) rose today, climbing for a second day on Tuesday after late last week reporting better-than-expected Q4 financial results.
The company on Friday said it earned $0.05 per share during the three months ended Dec. 31, beating the Capital IQ consensus by $0.01 per share. Revenue surged 93% over year-ago levels to $135.52 million, also topping analyst projections looking for $130.6 million.
LC shares were up nearly 12% in late trade at $7.88 apiece, just under their session high of $8.07 a share. The stock rose 2.3% on Friday.
In other sector news,
(+) LPLA, Credit Suisse upgrade to Outperform from Neutral.
(-) CS, JP Morgan downgrade to Neutral from Overweight.
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