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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.

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AMSF $46.52 3.20%
DB $35.04 1.70%
MA $87.80 0.63%
MMC $56.56 1.70%
LAZ $52.44 -0.79%


DOW 17,982.22 +269.56 1.52%
S&P 500 2,087.89 +26.87 1.30%
NASDAQ 4,946.5920 +55.3730 1.13%

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