Winners of the Day

Financial Winners & Losers: Goldman Sachs

Stock quotes in this article: GS , CIT , BAC , JPM , WFC , C , MS  

(Updated with final closing prices throughout)

Financial stocks ended mixed Tuesday even after Goldman Sachs (GS Quote) handily beat expectations with its second-quarter earnings report.

Goldman Sachs said it earned $3.44 billion, or $4.93 a share, in the second quarter, rising from $2.05 billion, or $4.58 a share, in the year-ago period. Results included a charge of 78 cents a share related to the bank's paying back Troubled Asset Relief Program funds. Excluding that, earnings were $5.71 a share. Revenue jumped 46% from a year ago to $13.76 billion, the bank said.

Analysts polled by Thomson Reuters expected Goldman Sachs to report second-quarter earnings of $3.54 a share on revenue of $10.7 billion. Goldman shares eked out a gain after a very choppy trading session, tacking on 22 cents, or 0.2%, to finish at $149.66.

Other bank stocks didn't fare as well as Goldman. Bank of America (BAC Quote) and JPMorgan Chase (JPM Quote), which report earnings later this week, were down 0.6% and 0.1%, respectively. Morgan Stanley (MS Quote) was off 0.1%, and Wells Fargo (WFC Quote) slumped 1.6%.

Several regional banks also finished lower. KeyCorp (KEY Quote) gave back 3.4%, Fifth Third Bancorp (FITB Quote) shed 1.4%, BB&T (BBT Quote) finished down 1%.

On the winning side, Citigroup (C Quote), which also reports quarterly results on Friday, climbed 5% to $2.92. UBS (UBS Quote) finished up 0.9% to $12.51 and Barclays (BCS Quote) added 0.7% to $19.60.

CIT Group (CIT Quote) shares were also among Tuesday's winners after reports the company and federal regulators were in "advanced talks" about a government aid package late Monday. One possible source of aid for the troubled commercial lender is participating in the Federal Deposit Insurance Corp.'s Temporary Liquidity Guarantee Program, The Wall Street Journal reported.

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