EdgeWater 10/25/2010 9:42:10 PM
News / Business

Small Financial Stocks to Watch (ABK, WL, BEE, MBFI)

Small Financial Stocks to Watch

Ambac Financial Group, Inc. (NYSE:ABK) slid 0.97% to $1.02 on about 12.77 million shares. Earlier this month, the company agreed to withdraw over $6 billion in claims against bankrupted Lehman Brothers Holdings in a proposed settlement of disputes between the two firms over derivatives transactions.

Over the past 52-week, the stock had traded within the range of $0.40-$3.39 and is up more than 22% year-to-date.

Wilmington Trust Corporation (NYSE:WL) jumped 4.83% to $8.46 on unusual volumes. The company has approached several bigger banks in recent weeks about acquiring the Delaware-based regional bank and wealth manager, Bloomberg News reported on Friday.

The stock opened at $8.08 and has a 52-week range of $7.26-$20.23. In the past one month of trading sessions, the stock went down more than 2%.

Strategic Hotels & Resorts Inc. (NYSE:BEE) dropped 2.82% to $4.48. Strategic Hotels & Resorts, Inc. is a self-administered and self-managed real estate investment trust (REIT). It owns and asset manages upper upscale and luxury hotels that are subject to long-term management contracts.

Over the past one month of trading sessions, the stock went up more than 8%.

MB Financial, Inc. (NASDAQ:MBFI) lost 6.20% to close at $15.43. Last week, the company reported third quarter net loss available to shareholders of $5.4 million compared to net income available to common shareholders of $4.9 million last year.

Loss per share from continuing operations was $0.05, versus earnings per share of $0.03 last year.

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