Financial Stocks Ended Mixed (CNO, OCN, AINV)
CNO Financial Group, Inc. (NYSE:CNO) surged 1% to $6.05. The company late Tuesday said it earned $49.4 million, or 17 cents a share, up from $15.4 million, or 8 cents a share, in the year-ago quarter. Net operating income, which excludes net realized investment gains or losses, was 16 cents a share.
Analysts polled by FactSet were anticipating earnings of 15 cents a share.
The stock went up more than 20% year-to-date.
Ocwen Financial Corporation (NYSE:OCN) jumped 2.73% to $9.40. This week, the company reported earnings of $269 million, compared to a year-earlier loss of $767 million. It was the third straight quarter of profits for the lender.
Total deposits at Ally’s bank units, which fund its new business, rose to $36.9 billion in the third quarter from $34.3 billion in the second quarter.
Over the past 52-week, the stock had traded within the range of $8.30-$12.77. At Friday`s closing market price, the market capitalization of the company stood at $941.81 million.
Apollo Investment Corp. (NASDAQ:AINV) were 0.44% lower and closed at $11.41. For July-September, the company earned 35 cents a share, compared with 71 cents a share in the year-ago period. Analysts on an average expected the company to post profit of 25 cents a share, according to Thomson Reuters.
Net unrealized gains on investments and cash equivalents rose 73 percent to $120.0 million, while net investment income was slightly down to $50.2 million from $51.4 million.