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Jackson Financial Shares Drop After Swing to 1Q Loss

By Dean Seal

Jackson Financial shares sank after the financial services company unexpectedly swung to a loss in the first quarter and reported weaker adjusted earnings than analysts had been expecting.

The stock fell 22.7% in early trading to a low of $26.70 before recovering some. By 12:30 p.m. ET, shares were down 17.5% at $28.50. They are…

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