Citigroup: Financial Winners & Losers

(Updated with Meredith Whitney news, stock price moves).

NEW YORK (TheStreet) -- Citigroup (C Quote) was among the winners of the financial sector Monday after a hedge fund disclosed a position in the bank.

Citigroup rose 15 cents, or 3.7%, to $4.20 after hedge fund Paulson & Co., lead by investor John Paulson, disclosed in regulatory filing that it bought 300 million shares of the bank in the third quarter, a stake valued at $1.45 billion. In the previous quarterly filing, Paulson & Co. did not hold any shares of the bank.

Meanwhile, Citigroup on Sunday said it sold its stake in Japanese call center BellSystem24 to private equity firm Bain Capital for $1 billion.

Other financial companies, specifically Bank of America (BAC Quote), pulled back after bank analyst Meredith Whitney appeared on CNBC and said she hasn't been this bearish on banks in a year.

Whitney added that she expects banks to have another round of capital raising and also reiterated that banks will go back to tangible book value.

Following her comments, BofA shares gave up their gains and fell 0.7% to $15.87.

BofA was also among financial institutions reporting credit-card metrics for October, with the number of defaults shrinking while delinquencies were on the rise. BofA said its charge-off rate fell to 13.22% in October from 14.25% the month prior, although delinquencies rose to 7.59% from 7.53%.

Both JPMorgan Chase (JPM Quote) and Capital One Financial (COF Quote) also said charge-off rates decline in October, although late payments climbed last month.

JPMorgan rose 0.3% to $43.04, having been as high as $43.61 earlier before Whitney's comments. Capital One gained 2.8% to $39.89.