Citigroup: Financial Winners and Losers

(Updated with stock price moves.)

NEW YORK (TheStreet) -- Citigroup (C Quote) was among the losers of the financial sector Friday after the bank said it had sold its energy-trading unit after coming under fire for pay packages.

Citigroup said it will sell its Phibro unit to Occidental Petroleum for $250 million. Occidental said Phibro's management team, including star trader Andrew Hall, will stay with the company. Hall's $100 million pay package drew the ire of politicians who called the payout excessive.

Earlier this week, The Financial Times reported that Citi was leaning toward selling Phibro to raise money and deflect political anger. The decision by the bank to completely divest itself of the division followed debates on whether it should divest just part of the unit, open it up to outside investors or spin it off, Wednesday's report said.

Citigroup shares were lately down two cents, or 0.5%, to $4.63.

Other bank stocks were mostly trading higher. JPMorgan Chase (JPM Quote) added 1.1% to $45.79, Bank of America (BAC Quote) rose 1% to $17.50, Goldman Sachs (GS Quote) was up 0.5% to $189.08, Morgan Stanley (MS Quote) tacked on 0.2% to $32.01 and Wells Fargo (WFC Quote) gained 0.1% to $29.09.

Meanwhile, most credit-card issuers were weaker. Discover Financial (DFS Quote) fell 5.5% to $16.14, American Express (AXP Quote) was down 0.3% to $34.89 and Capital One (COF Quote) was flat at $37.47.

-- Written by Robert Holmes in New York.