NYSE Financial Stocks Climb: LNC, USB, BK

Lincoln National Corporation (NYSE: LNC) climbed 7.18 percent, adding $1.82 to reach $27.16 in late afternoon trading Wednesday. Volume for the Pennsylvania-based company of 9,532,020 was more than double the three month daily average of 4,293,020.

US Bancorp (NYSE: USB) tacked on 3.08 percent to $25.13 as the day came to a close, although volume of 10,430,000 was still short of the company’s daily average of 14.3 million. US Bancorp announced at the Goldman Sachs conference that it is looking to restart dividends in early 2011.

The Bank of New York Mellon Corp (NYSE: BK) added 55 cents, or 1.96 percent to reach $28.69 nearing the bell Wednesday. Volume of 5,220,000 was short of the three month daily average of 8,680,000.

Tags: BK, Financial Stocks, LNC, NYSE, USB

This entry was posted on Wednesday, December 8th, 2010 at 3:58 pm by Sheryl and is filed under Financial Stocks. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.