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Lincoln Financial A Rare Gainer In Weak Financial Sector

 

Thursday, Apr 09,2009, 3:44:59 PM   Click:

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April 7, 2009 Tuesday 9:40 AM EST

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HEADLINE: Lincoln Financial a rare gainer in weak financial sector

BYLINE: Greg Morcroft



NEW YORK (MarketWatch) -- Shares of insurer Lincoln Financial Group (lnc) were among rare gainers in a broadly lower financial sector on Tuesday after the firm said it paid down half a billion dollars of outstanding debt and plans to pay off $200 million of commercial paper in the next several weeks. Lincoln shares rose 9%, to $6.93 Tuesday, while the broader sector, represented by the Financials Select Sector SPDR [S: XLF], fell 2.6%.

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