This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Tuesday's Financial Winners & Losers

Updated from 2:15 p.m. EDT

The financial sector swung even lower than the sliding broader market on Tuesday as a few big names brought disappointing financials to bear.

Lazard (LAZ - Get Report), for instance, gave up 1% to $53.35 in heavy trading after first-quarter income sank 7.8% year over year to 47 cents a share. Analysts polled by Thomson Financial were looking for the Bermuda-based financial advisement and asset management firm to deliver 62 cents a share.

Marsh & McLennan (MMC - Get Report), a New York-based insurance broker, also lost ground on a wide income miss. First-quarter continuing-operations profits came to $228 million, or 41 cents a share -- 9 cents a share under Street expectations. Shares shed 2.5% to $31.13.

Meanwhile, Germany's Deutsche Bank (DB - Get Report) and Louisiana-based insurer Amerisafe (AMSF - Get Report) each sank despite posting climbing first-quarter profits. Shares of the companies respectively lost 1.1% and 10%.

Joining them in the dirges today were the majority of financial stocks, among them IntercontinentalExchange (ICE), down 1.8% to $134.70; Swiss bank UBS (UBS), off 1.9% to $62.70; and online broker E*Trade (ETFC), recently sinking 2.1% to $21.95.

The NYSE Financial Sector Index, which tracks all but one of the aforementioned stocks, surrendered38.53 points, or 0.4%, to 9869.17. The KBW Bank Index was was down 0.3% to 117.40.
1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AMSF $55.04 0.00%
DB $17.20 0.00%
LAZ $34.29 0.00%
MA $96.25 0.00%
MMC $63.36 0.00%


Chart of I:DJI
DOW 17,651.26 -99.65 -0.56%
S&P 500 2,051.12 -12.25 -0.59%
NASDAQ 4,725.6390 -37.5850 -0.79%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs