Financial Winners & Losers
Financial Winners and Losers: Citigroup
Elsewhere, Freddie Mac (FRE) is in need of more government money. After Tuesday's closing bell, the mortgage giant reported a first-quarter loss that ballooned from a year ago as credit losses soared. However, the loss was down from the fourth quarter.
Freddie Mac also said it needs $6.1 billion in additional government aid. Shares lost 7% to end the day at 80 cents. American International Group (AIG) CEO Edward Liddy told a congressional subcommittee that he expects the troubled insurer to be able to repay its government bailout within three to five years if economic conditions permit. AIG shares dropped 11.6% to $1.60. Japanese bank Mitsubishi UFJ Financial (MTU) plans to increase its recent share purchase in Morgan Stanley (MS) to 29.375 million for a total of $705 million. On Monday, MUFG said it would buy 25 million shares in Morgan. The stock was down 5% to $25.10.TheStreet Premium Services
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note |
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|---|---|---|---|---|
| 12,454.83 | 1,317.82 | 2,837.53 | 17.45 |
Oil *
107.05
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DOWN
74.92 |
DOWN
2.86 |
DOWN
1.85 |
DOWN
0.14 |
10 Yr
1.74%
SPDR Gold
152.68
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-0.60%
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-0.22%
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-0.07%
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-0.80%
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