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Monday's Financial Winners & Losers

SCA shares were down 7 cents to $3.89. XL Capital ticked up 29 cents at $50.31.

And Centerline (CHC) shares continued to plunge following Friday's news that it will slash its dividend and take a hit of between $45 million and $55 million from securitizing its $2.8 billion affordable-housing-bond portfolio with Freddie Mac (FRE). The asset manager also cut its 2007 forecast for cash available for distribution by at least 14 cents to between $1.70 and $1.75 a share. Centerline shares fell another 1% to $7.62 a share in heavy volume.

Among the financial winners, however, was Legg Mason (LM - Get Report). After the close on Friday, the asset manager said it has cut its exposure to structured investment vehicles, or SIVs, to 3.2% of its total liquid assets. That should result in a charge of $22.2 million, or 15 cents a share. Still, Legg Mason shares were up $1.92 to $73.15.

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SYM TRADE IT LAST %CHG
CHC $0.00 0.00%
BBT $38.67 -0.77%
LM $54.36 -0.94%
XL $36.58 -0.71%
AAPL $125.01 -0.63%

Markets

DOW 17,841.98 -86.22 -0.48%
S&P 500 2,080.15 -9.31 -0.45%
NASDAQ 4,919.6440 -19.6830 -0.40%

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