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.- Loading Comments...
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,461.60 | 1,110.85 | 2,194.20 | 33.77 |
Oil *
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UP
8.92
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UP
1.61
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UP
9.17
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