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Midday Monday: Bank of the Ozarks jumps following earnings

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Midday Monday: Bank of the Ozarks jumps following earnings

Little Rock, Ark.-based Bank of the Ozarks Inc.'s stock jumped 7.37% to $39.49around midday, following the bank's earnings release.

The company reported second-quarter net income available to commonstockholders of approximately $54.5 million, or 60 cents per share, compared toapproximately $44.8 million, or 51 cents, for the same period a year ago.

Bank and thrift stocks on the whole were trading positivelyduring Monday morning, July 11. Around midday, the SNL U.S. Bank Index expanded0.82% to 387.75 and the SNL U.S. Thrift Index grew 0.78% to 789.44.

The broader markets also moved higher, with the Dow JonesIndustrial Average advancing 0.61% to 18,257.99, the S&P 500 increasing0.47% to 2,139.90 and the Nasdaq composite index expanding 0.75% to 4,993.98.

Among large-cap banks, JPMorgan Chase & Co. gained 0.63% to $62.22,Wells Fargo & Co.hiked 0.77% to $48.16, Bank ofAmerica Corp. increased 0.88% to $13.29, and climbed 1.19% to $42.48.

Among notable movers, Damariscotta, Maine-based gained 3.10%to $22.29, Hato Rey, Puerto Rico-based Popular Inc. went up 2.31% to $29.67, and San Juan,Puerto Rico-based First BanCorp.climbed 3.12% to $4.30.

In the thrift space, Westbury, N.Y.-based tickedup 0.88% to $14.86, San Diego-based BofI Holding Inc. added 2.71% to $18.18, Lake Success,N.Y.-based Astoria FinancialCorp. inched up 0.80% to $15.08, and Cleveland-based increased 1.32% to $17.66.

Market prices andindex values are current as of the time of publication and are subject tochange.