Meta Financial jumps after swinging to a profit in fiscal Q2
Shares of Meta Financial Group (Nasdaq:CASH) are surging mid-session after the provider of savings and loans in Iowa and South Dakota reported Thursday evening that it swung to a profit in its fiscal second quarter on an increase in card fee income related to new programs and an increase in net interest income. The firm also recorded an after-tax gain of $1.8 million from the sale of its MetaBank West Central bank subsidiary.
Shares jumped 22%, or $4.45, to $24.40 at 1:58 p.m. ET. For detailed price information and recent news stories about Meta Financial, click CASH.
About the Author
Reporter Jennifer Schonberger is based in SmallCapInvestor.com's Washington, D.C. bureau.
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