Thursday's Financial Winners & Losers

Security Bank(SBKC) tumbled nearly 5% after the Georgia-based lender slashed its full-year 2006 earnings forecast, blaming its woes on the deterioration of some its real estate loans. The bank now forecasts earnings between $1.38 and $1.40 a share. The Thomson Financial consensus had the bank earning $1.46 a share. Shares were down $1.14 to $23.28.

InterContinental Exchange (ICE)rose after a Bank of America analyst maintained his buy rating on the stock and upped his price target by $12 to $125. Shares were up $1.16, or 1.1%, to $108.11.

MAF Bancorp (MAFB) fell after announcing a balance-sheet restructuring charge, which will reduce fourth-quarter earnings by about $15.2 million, or 45 cents a share. The Illinois-based bank says its actions will ultimately add $6.2 million, or 19 cents a share, to full-year 2007 income. Shares were down 75 cents, or 1.6%, to $45.99.

Citigroup (C) dropped on word that the banking giant may take a stake in China's privately held Spring Airlines. Shares were falling 62 cents, or 1.1%, to $55.79.

Sovereign Bancorp (SOV) slipped on news that its President and Chief Operating Officer Alan Fishman will step down at the end of the week. His severance package will total about $7.1 million. Shares were down 6 cents to $25.8.

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