Sunday, Jul 31, 2016
One of America's Great Newspapers ~ Toledo, Ohio

Local

Sky Financial stock slips in heavy trading

BOWLING GREEN - The stock of Sky Financial Group Inc. slipped nearly 4 percent yesterday after a downgrade by an analyst and last week's announcement that the company reduced its first-quarter earnings forecast.

The bank holding company's stock closed yesterday at $26.94, down 99 cents, in trading on the Nasdaq exchange. Trading volume was heavy, with nearly 1 million shares, about four times normal, changing hands.

KeyBanc Capital Markets/McDonalds yesterday downgraded the stock from buy to hold. On Friday, the company cited two bad commercial loans in saying its first-quarter earnings, to be released next month, will be 29 to 30 cents a share, compared with 44 to 45 cents a share originally projected.

Click to comment

Quis autem vel eum iure reprehenderit qui in ea voluptate velit esse quam nihil molestiae consequatur, vel illum qui dolorem?

Temporibus autem quibusdam et aut officiis debitis aut rerum necessitatibus saepe eveniet.

Copyright © 2015 Toledo Blade

To Top

Fetching stories…