Goldman Sachs: Financial Winners & Losers
NEW YORK (
) -- The financial sector rallied along with the
(DJI)
Dow Jones Industrial Average
Wednesday due to better than
economic data.
The
The Financial Select Sector SPDR
was up 26 cents at $14.72.
Bank of America
(BAC) - Get Report
recovered some of its losses from yesterday on speculation that WikiLeaks would release internal documents from the bank. Bank of America's stock was up 10 cents at $11.04.
A report from the SEC's watchdog said
that Bank of America got a more lenient settlement offer from the
Securities and Exchange Commission
as a result of its status as a bailout recipient.
State Street
(STT) - Get Report
and
Barclays
(BCS) - Get Report
both announced that the banks were laying off staff. State Street's stock was up $1.77 at $44.92 and Barclay shares were up 66 cents at $16.80.
Citigroup
(C) - Get Report
was up 9 cents at $4.28 on news that the bank is talking with former White House Budget Director Peter Orszag
about a job in its investment banking division.
Meanwhile,
Goldman Sachs'
(GS) - Get Report
stock was up $2.33 at $158.46 on news that an arbitration panel ruled that Goldman owed $21 million
Mercer Insurance Group, Inc. (MIGP)
shares shot up $9.04 at $27.90 on news that
United Fire & Casualty Co.
(UFCS) - Get Report
will acquire Mercer for $191 million in cash. United Fire's shares were up 37 cents at $21.11.
The loser of the day was
MBIA
(MBI) - Get Report
. The insurer's shares were down 16 cents at $9.83.
--Written by Maria Woehr in New York.
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