Top Traded Financial Stocks (ASBC, ADS, BANR)
Associated Banc-Corp (NASDAQ:ASBC) slid 0.82% to $13.31. This week, the company reported net income to common shareholders of $6.9 million, or $0.04 per common share, for the quarter ended September 30, 2010.
This compares to a net loss to common shareholders of $10.2 million, or $0.06 per common share, for the quarter ended June 30, 2010, and net income to common shareholders of $8.7 million, or $0.07 per common share, for the quarter ended September 30, 2009.
The stock went up more than 19% year-to-date.
Alliance Data Systems Corporation (NYSE:ADS) added 1.20% to $64.24. This week, the company reported quarterly earnings that beat analysts’ view, helped by a rise in revenue from private label services, but forecast fourth-quarter profit below expectations.
Net income for the third quarter was 53 million, or 96 cents a share, compared with 45.8 million, or 83 cents a share, last year. Revenue climbed 14 percent to $702.4 million.
For the fourth quarter, the company forecast core earnings of $1.40 per share. Analysts are expecting $1.54 a share.
Over the past 52-week, the stock had traded within the range of $52.70-$78.18. At Friday`s closing market price, the market capitalization of the company stood at $3.38 billion.
Banner Corporation (NASDAQ:BANR) fell 5.52% and closed at $1.71. This week, the company reported that it had a net loss of $42.7 million in the third quarter ended September 30, 2010, compared to a net loss of $4.9 million in the immediately preceding quarter and a net loss of $6.4 million in the third quarter a year ago.
Over the past 52-week, the stock had traded within the range of $1.71-$8.15. The stock made its fresh 52-week low of $1.71.