12:24 PM EST - Power Financial Corp. : posted an 18 percent rise in first-quarter earnings on Wednesday due mainly to stronger results from its insurance business. The financial services holding company reported net income of $482 million, or 65 cents a diluted share, for the three months ended March 31. That compared with $408 million, or 55 cents a share, in the same period the year before. Analysts had expected earnings of 62 cents a share, before exceptional items, according to Reuters Estimates. Power Financial Corp.
shares T.PWF are trading up 40 cents at $40.35.
