Monday's Financial Winners & Losers

Columbia Equity Trust (COE Quote) shot up 11% after JPMorgan Chase(JPM Quote)announced it was buying the real estate investment trust for about $502 million, or $19 a share. The purchase represents a 12% premium over Columbia's Friday closing price. Shares were trading up $1.86 to $18.77.

Corrections Corp. of America (CXW Quote) rose 5.7% after the prison operator's third-quarter results topped Wall Street's projections. The company earned $26.1 million, or 42 cents a share, up from $20.8 million, or 34 cents a share. Revenue rose 11.5% to $339.3 million. Analysts, according to Thomson Financial, were predicting earnings of 40 cents a share on revenue of $333.8 million. The company also upped its fourth-quarter guidance. Shares were up $2.23, or 4.8%, to $47.90.

Netbank (NTBK Quote), slipped after it announced it will dispose of its nonconforming mortgage operation, along with its financing business for recreational vehicles, boats and aircrafts. NetBank's exit from the two businesses will results in a fourth-quarter pretax expense of between $6 million and $7.5 million. Shares were down 5 cents, or 1%, to $5.36. ...