Financial stocks dipped by 0.03% on Monday yet a few companies managed to post positive days in the consumer financial services. Consumer Portfolio Services (NASDAQ: CPSS) shares moved up 5.95% on the day to close at 0.89. CPSS is still quite a distance from its 52-week high of 2.27 set back in April but it is also putting some distance between itself and their 52-week low of 0.59 hit in August.
After a dismal last week iStar Financial (NYSE: SFI) closed out the first day of a new week strong, posting a 2.63% increase to close at 3.51 on the day. The company will be releasing earnings on October 28 and analysts have predicted a loss of $0.53 per share on sales of $114 million. Despite their struggles SFI is trading even with its 50-day moving average but trailing its 200-day moving average of 4.42.
Chimera Investment Corporation (NYSE: CIM) shares moved up 2.14% on the day to close at 4.30, picking u some activity after announcing core EPS for the third quarter of 0.16 per share. Shares are trading well above their 50-day moving average of 3.93 and 200-day moving average of 3.66.
Nelnet Inc. (NYSE: NNI) moved up 2.25% on the day to close at 24.06 after hitting as high as 24.47 on the day. Shares are currently trading above the 50-day moving average of 22.81 and well above the 19.69 200-day moving average.
Green Dot Corporation (NYSE: GDOT) ended the day up 1.57%, closing at 50.60. On Monday CEO Steve Streit commented that the pre-paid credit debit card maker’s growth was being fueled by the current credit crunch.
