Wednesday's Financial Winners & Losers

New York Stock Exchange (NYX Quote) shares retreated after its stockholders approved its planned $14 billion merger with Europe's Euronext exchange. Pending regulatory hurdles, the transaction is expected to close in the first quarter of 2007. Shares were dipping $1.01, or 1%, to $102.35.

Investment Technology Group (ITG Quote) jumped after a Deutsche Securities analyst began coverage on the online broker with a buy rating. Knight Capital Group, (NITE Quote) a market maker, was also stamped with a brand-new Deutsche buy rating. ITG shares were trading up $1.13, or 2.7%, to $43.03. Knight shares were adding 38 cents, or 2%, to $19.62.

CoBiz (COBZ Quote) dropped after the Denver-based bank filed a request with the Securities and Exchange Commission to sell $100 million in stock, despositary shares, debt securities and warrants. CoBiz says it will use the proceeds of any offering for, among other things, increased capitalization and debt payment. Shares were down 43 cents, or 1.9%, to $22.01.

National City (NCC Quote) rose on news that the Cleveland-based bank will buy back up to an additional 30 million of its shares, with an aggregate purchase limit of $1.2 billion. Last October, the bank had announced a separate 40 million-share repurchase program. Shares were gaining 26 cents, or 0.7%, to $36.79.