Monday's Financial Winners & Losers
Van der Moolen (VDM) tumbled Monday after the Dutch brokerage warned it would post a third-quarter loss.
The New York Stock Exchange specialist firm says it expects principal trading revenue from its U.S. operations to decline by 30% from the second-quarter of this year. The company also said it expects to make staff reductions in light of the Big Board's move towards more electronic trading as part of its so-called "hybrid market." Shares were falling 76 cents, or 11.2%, to $6.04
Santander Bancorp (SBP) gained after the San Juan, Puerto Rico-based bank was upgraded by Sandler O'Neill to buy from hold. Shares were trading up $1.86, or 10%, to $19.81.
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