Tuesday's Financial Winners & Losers

Updated from 1:35 p.m. EDT

Choppy trading jerked the financial sector in and out of the red Tuesday amid W Holding's (WHI Quote) precipitous nosedive.

Shares plunged more than 37.3% in heavy trading after the Puerto Rico-based bank announced that one of its larger asset-based loans is impaired, with an estimated collateral deficiency of at least $80 million. The bank hasn't yet determined its ultimate financial impact. Shares closed down $1.87 to $3.14

Payment processor Fidelity National Information Services (FIS Quote) also fell on news it had taken out Applied Financial Technology, a purveyor of risk analytics, analysis and data for the mortgage industry. Financial terms weren't disclosed. Shares lost 0.9% to $53.10. ...