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
See Cramer's multi-million dollar portfolio for FREE and get his new book Get Rich Carefully! Learn More

Monday's Financial Winners & Losers

Updated from 1:33 p.m. EST with new stock prices

On this last trading day of 2007, the financial sector tiptoed higher in piddling volume along with the major indices. The market will close tomorrow for New Year's Day.

The NYSE Financial Sector Index was up 17.88 points, or 0.2%, to 8,300.68. The narrower KBW Bank Index added 0.3% to 88.58, while the Amex Securities Broker-Dealer tracker was up 0.5% at 207.42.

The first and last of those were each bouyed by Merrill Lynch (MER). Merrill's shares lost some ground after Britain's The Observer reported that the struggling brokerage is in more cash-infusion talks, this time with sovereign wealth funds in China and the Middle East. A week ago, Merrill announced it will get up to $4.4 billion from Singapore-based Temasek Holdings, as well as $1.2 billion from Davis Selected Advisors, by selling chunks of equity at a discount.

Merrill shares rebounded, though, and were up 71 cents, or 1.3%, to $53.68.

BB&T (BBT), meanwhile, fell 1.3% to $30.67 after a Deutsche Bank analyst lopped $7 off its price target to $28 and cut down its 2008 earnings estimate to $3.28 a share. The analyst cited worries of higher credit costs, capital markets volatility and net interest-margin pressure.

Elsewhere, Security Capital Assurance (SCA) sank 1.8% after the financial guarantor announced after the market close on Friday that director Alan Senter had resigned from the company's board effective Dec. 27. He will, however, stay on the board of affiliate XL Capital (XL). Michael Esposito, meanwhile, resigned as non-executive chairman of XL while continuing on SCA's board. Originally, Esposito was slated to step down in mid-2008.

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
DOW 16,408.54 -16.31 -0.10%
S&P 500 1,864.85 +2.54 0.14%
NASDAQ 4,095.5160 +9.2910 0.23%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto
Advertising Partners

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs