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Phoenix Companies (PNX) Sees Upside On Industry TARP Okay

April 8, 2009 9:58 AM EDT

Phoenix Companies Inc. (NYSE: PNX) is another insurer jumping today on news the Treasury will approve TARP funds for the industry. Shares are up 17% currently to $1.75.


The industry is up on average of 6%, as represented by the move in the SPDR KBW Insurance ETF (NYSE: KIE).


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