« Commerce Bank's Hill votes 'no' on merger | Main | Power reading: Exelon's annual statfest »

Philly Ticker

After another punishing week for bank and financial stocks, it's somewhat surprising that First Keystone Financial Inc. was the biggest gainer among the Philadelphia-area companies the Inquirer tracks. The Delaware County-based bank reported decent first-quarter earnings, and the market responded nudging its stock price up 14 percent to close at $11.71 on Friday.

On the other hand, more bad news for the new-home building sector put pressure on Bensalem-based Orleans Homebuilders Inc. Shares fell 24 percent as Toll Bros. Inc. and others saw little end to one of the nation's worst housing slumps. Orleans closed at $4.42 Friday.

- Mike Armstrong

Post a comment

(If you haven't left a comment here before, you may need to be approved by the site owner before your comment will appear. Until then, it won't appear on the entry. Thanks for waiting.)

Contributors


About

This page contains a single entry from the blog posted on February 9, 2008 12:11 PM.

The previous post in this blog was Commerce Bank's Hill votes 'no' on merger.

The next post in this blog is Power reading: Exelon's annual statfest.

Many more can be found on the main index page or by looking through the archives.

Powered by
Movable Type 3.35