If you enjoy the content at iBankCoin, please follow us on TwitterThe major equity averages continue to trade near session highs amid steady, broad-based support.
Financials have held a strong lead over the broad market for the entire day. The sector’s 2.5% gain is head and shoulders above even the next best performing sector, which happens to be Industrials. Industrials are up 1.7% as a group.
Among financial plays, Genworth Financial (GNW 9.19, +1.15) is a top performer by percent gained following the firm’s latest quarterly report. Even though Genworth’s earnings came short of the consensus estimate, its top line exceeded expectations. Meanwhile, diversified financial services heavyweights Citigroup (C 33.39, +1.40) and Bank of America (BAC 7.82, +0.37) are also helping to drive the sector higher.
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