Berkshire Hathaway: Financial Winners & Losers
New York (
) -- Financial stocks struggled to stay in the black on Monday as small cap and regional banks reported earnings.
The
Financial Select Sector SPDR
(XLF)
was up two cents at $16.48.
The big winner of the day was
Berkshire Hathaway
(BRK.B)
. Shares in the company were up $2.48 to $82.93 on news that the insurer may soon begin
Bank of Hawaii
(BOH)
shares were up $1.11 to $48.73 after it reported
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of $40.6 million, or 84 cents a share, beating the consensus estimate of 69 cents a share among analysts polled by Thomson Reuters.
Citigroup
(C)
stock was flat at $4.89 on news that the U.S. Treasury Department is taking its final step away from a $45 billion investment in the bank. The
a bundle of warrants to purchase common stock.
The big loser of the day was
JPMorgan & Chase
(JPM)
. The bank's shares were down 16 cents at $45.15 after
the U.S. Supreme Court decided
on Monday that the bank followed the law in its practice of retroactively raising interest rates on consumers before the
Federal Reserve
implemented a new law banning the practice.
--Written by Maria Woehr in New York.
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