Freddie Mac: Financial Winners & Losers

(Updated with price movements.)

NEW YORK (TheStreet) -- Freddie Mac (FRE Quote) was among the losers of the financial sector Monday after the government-sponsored entity posted a third-quarter loss, saying it will need more federal funding.

Freddie Mac late Friday said it had a net loss of $6.3 billion, or $1.94 a share, after a dividend payment of $1.3 billion to the Treasury Department on its senior preferred stock holdings. The company's provision for credit losses jumped to $7.6 billion from $5.2 billion in the previous quarter.

"We expect to request additional funds from Treasury as this prolonged deterioration of market conditions continues to negatively impact our financial results," Freddie Mac CEO Charles Haldeman said in a press release.

Freddie Mac shares were lately down 4 cents, or 3.3%, to $1.19. On the other hand, Fannie Mae (FNM Quote) was trading flat at $1.04.

Among bank stocks, Morgan Stanley (MS Quote) traded higher on word it would sell its stake in China's largest investment bank. Reuters reports that Wei Sun Christianson, Morgan's China chief executive, said the U.S. bank is seeking a buyer for its 34% stake in investment bank China International Capital Corp.

Private equity firms Bain Capital and General Atlantic are among potential buyers in a deal that could fetch more than $1.2 billion, Reuters reported last week. Morgan Stanley shares were lately up $1.02, or 3.1%, to $33.62.

Elsewhere, Goldman Sachs (GS Quote) gained 2.4% to $175.81 even after CEO Lloyd Blankfein said in an interview with London's Sunday Times that the bank was doing "God's work" and that it has a social purpose. Blankfein added that he know people are angry with Goldman, saying that: "I know I could slit my wrists and people would cheer."