Friday's Financial Winners & Losers

Stock quotes in this article: MER , MS , ETFC , BBX , C , WM , WFC  

Beleaguered online broker E*Trade (ETFC Quote) wasn't so lucky. Shares held on for most of the day, but ultimately lost 4.6%, after BMO Capital Markets cut the stock to market perform from outperform. Credit-ratings firm Moody's, moreover, lowered its long-term senior debt rating. That follows yesterday's announcement of a $2.5 billion cash infusion from Citadel Investments, as well as the resignation of CEO Mitch Caplan. Shares closed down 22 cents to $4.60.

Also among the rare financial decliners was BankAtlantic Bancorp (BBX Quote), which got a downgrade to neutral from buy at Janey Montgomery Scott. Shares of the Florida bank finished 3% lower at $3.85.
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