- After knee-jerking down 16% in the immediate aftermath of last night's results, Genworth (NYSE:GNW) has turned it around to a 16% gain in premarket action.
- A highly depressed stock price and the $478M reserve charge for long-term care that's not pretty, but not nearly as bad as some of the worst fears, look like they've combined for an explosive move upward.
- Noting no capital raise is needed, BTIG's Mark Palmer reiterates his Buy rating and $15 price target.
- The conference call gets underway at 8 ET
- Previously: Genworth swings to after-hours gain after detailing reserves (Feb. 10)
- Previously: Genworth Financial misses by $0.71, beats on revenue (Feb. 10)