Financial stocks rise as housing and economy steady


Mortgage lending institutions, regional banks and other financial stocks by the 16 members of the first quarter of the spotlight screen Monday, reflecting the improvement in the economy. Many people in their recent highs.

The performance of financial stocks, as well as low interest rates to stimulate demand for real estate, automobiles and other loans. Small business loans also rebounded, benefiting local and regional banks.

Financial engine (FNGN), portfolio managers and investment advisers in the purchase within is the only problem. It broke a 24.60 cup with handle buy point last Wednesday of the strong body better than expected profits in the third quarter rose 62%.

However, the stock is thinly traded, which tend to impede institutional investors. Such stocks are often more volatile and dangerous.

At the same time, the home loan (HLSS) 39% 14.10 flat bases buy point, it purchased the range. Mortgage loan services, members of the public in February, hit a new high after November 7, held up anti-weakening trade.

Stocks finance mortgages and related services industry group, this is a 197 Monday infectious bursal disease. Housing loan service has released a series of losses after three consecutive quarters of profits.

Fleetcor Technology (FLT), which provides commercial credit services, as well as an extension of past 41.40 cup buy point. It hit a new high Friday in strong sales far better than expected profits in the third quarter rose 48%, the largest increase in seven quarters. Sales grew by 39% in 10 quarters; the company raised its full-year profit and revenue expectations.

Finally, Everbank Finance Corporation (EVER), a holding company, the main provider of commercial loans of banks in the United States, Florida, is a distant past a 12.69 flat base project.


<>Financial stocks rise as housing and economy steady

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