Financial Winners & Losers

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Monday's Financial Winners & Losers

Sarina Penn

Shares of Citigroup (C) were down following a published report that the company might be preparing to cut as many as 15,000 jobs. The program could cost around $1 billion. Citi was lately off 0.6% to $51.43.

Vineyard National Bancorp (VNBC) climbed 4.4% on an upgrade by Oppenheimer to buy from neutral. Shares were gaining 98 cents to $23.09.

Sun Life Financial (SLF) rose after the Canada-based insurer said it will retire its Clarica brand and rename it Sun Life in order to "better enable the company to leverage the strength" of its own identity. Shares were adding 18 cents to $45.58.

Among other financial-sector winners, asset manager U.S. Global Investors (GROW) was rising $6.80, or 13.9%, to $55.80, specialist firm LaBranche (LAB) was up 20 cents, or 2.5%, to $8.17, and Nasdaq Stock Market (NDAQ) was adding 26 cents, or 0.9%, to $29.51.

On the losing side, subprime lender Accredited Home Lenders (LEND) was sliding 89 cents, or 7.6%, to $10.88, Cowen Group (COWN) was off 63 cents, or 3.5%, to $17.61, and savings bank Flagstar Bancorp (FBC) fell 36 cents, or 2.8%, to $12.44.