Author: John Meady

Finance

NYSE Losers: Ocwen Financial Corp. (NYSE:OCN), The Coca-Cola Company (NYSE:KO), Brinker International, Inc. (NYSE:EAT), TAL Education Group (NYSE:XRS), Atlantic Power Corporation (NYSE:AT)

New York state’s top regulator expanded its probe of Ocwen Financial Corp. (NYSE:OCN)., saying the mortgage-servicing company backdated thousands of letters to borrowers that prevented them from being able to promptly correct problem loans. Ocwen Financial Corp. (NYSE:OCN) belongs to Financial sector. Its net profit margin is 14.00% and weekly performance is -8.44%. On last trading day company shares ended up $21.48. Ocwen Financial Corp. … Continue reading NYSE Losers: Ocwen Financial Corp. (NYSE:OCN), The Coca-Cola Company (NYSE:KO), Brinker International, Inc. (NYSE:EAT), TAL Education Group (NYSE:XRS), Atlantic Power Corporation (NYSE:AT)

John Meady
Analysis, Commodities, Consumer Goods, Diversified Tech, Finance, Financial, Global Equity, Services Sector

First-Quarter Earning Surge at Arch Capital

A benign quarter of weather-related catastrophe events as well as strong favorable reserve development provided a surge in first-quarter earnings at Arch Capital Group. Both primary and reinsurance lines reported favorable reserve development, but the reinsurance segment provided the bulk of it, reducing the combined ratio by 16 points to 79%. Favorable reserve development also helped the primary insurance combined ratio dip below 100%, resulting … Continue reading First-Quarter Earning Surge at Arch Capital

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