Astoria Financial(AF Quote) lost ground after the New York metropolitan area lender reported a poor third quarter.
The thrift said profit fell 31% in the third quarter and fell short of analyst expectations. Astoria earned $41 million, or 43 cents a share, compared with $59.2 million, or 57 cents a share, in the year-ago period. Analysts surveyed by Thomson Financial were looking for earnings of 45 cents a share. Shares were trading down 30 cents, or 1%, to $29.70.
BankAtlantic Bancorp(BBX Quote) gained after the Fort Lauderdale, Fla.-based savings and loan was upgraded by Sandler O'Neill to hold from sell. But at the same time, the bank was downgraded by Bear Stearns to underperform from peer perform. Shares were trading up 22 cents, or 1.7%, to $12.88. ...
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