5 Hot Radar Stocks: LEAP Jumps 9%, Allstate Up 3.5%, MGM and MetLife Edge Higher, and SunTrust Learns from BofA
Shares of Leap Wireless International (NASDAQ:LEAP) are jumping more than 9% in late market trading. The company reported a third quarter loss of $68.8 (90 cents per share), compared to a loss of $533.3 million ($7.06 per share) last year.
Allstate Corporation (NYSE:ALL) is trading 3.5% higher after the closing bell. The company reported third quarter results that beat the mean estimates. Net income for the property and casualty insurance company fell to $165 million (32 cents per share), compared to $367 million (68 cents per share) a year earlier. This is a decline of 55% from the year earlier quarter. The insurer competes with Aflac Inc (NYSE:AFL) and Progressive (NYSE:PGR).
SunTrust Banks (NYSE:STI) is attracting attention after learning from Bank of America’s (NYSE:BAC) mistake. The bank said on Monday that it will eliminate a monthly fee on check cards. All clients who incurred the fee, which was rolled out in June, would receive a refund. Shares closed more than 4% lower on Monday.
MGM Resorts International (NYSE:MGM) is edging .26% higher in extended trading. MGM and Boyd Gaming (NYSE:BYD) will partner with Bwin.Party to create a new entity in order to take advantage of online gambling, if it becomes legal in the US. Online gambling, except for betting on horse races in some states, is currently illegal in the US under the terms of the Unlawful Internet Gambling Enforcement Act of 2006. Las Vegas Sands (NYSE:LVS) is also ticking higher.
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