Genworth (GNW +17.2%) soars to the top of the S&P leader board despite a 65% Y/Y drop in Q3...

|About: Genworth Financial, Inc. (GNW)|By:, SA News Editor

Genworth (GNW +17.2%) soars to the top of the S&P leader board despite a 65% Y/Y drop in Q3 earnings after a hit from tax items. But operating results easily beat expectations, and the insurer announced plans for a minority IPO of its Australian mortgage interest business, which Credit Suisse says could add $560M-$720M of immediate additional liquidity.