Financial Winners and Losers: BofA

(Updated with final stock price moves throughout)

Financial stocks finished mostly higher Wednesday, after Bank of America (BAC Quote) was added to Citigroup's (C Quote) list of aggressive growth stocks.

In a research note, Citigroup analyst Keith Horowitz said that any uncertainty created as Bank of America completes its capital raising efforts will provide a good buying opportunity to own a "quality franchise with significant long-term earnings power." Bank of America has raised nearly $33 billion of the $33.9 billion required from the government stress test.

"We believe as [Bank of America] concludes its preferred conversions and capital plan, a major overhang on the stock will be lifted and investor focus will shift towards its solid long-term normalized earnings potential, which we expect will be achievable beginning in 2012." ...