Financial stocks were having a mixed session Tuesday as

Federal Reserve

Chairman Ben Bernanke and Treasury Secretary Henry Paulson took questions in Washington about the government's plan for stabilizing the markets and the economy.

The Amex Securities Broker/Dealer index was up 0.9%, while the NYSE Financial Sector index was off 0.1%. The KBW Bank index was down 1.3%.

Raymond James

(RJF) - Get Report

and

Charles Schwab

(SCHW) - Get Report

were both on the winning side and gaining more than 3%.

Jefferies

(JEF) - Get Report

was having an even better day, adding 4.7%.

Insurance company

AIG

(AIG) - Get Report

rose nearly 9% after saying its board would suspend its quarterly common stock dividends.

As for the losers,

Merrill Lynch

( MER) was dropping 4%, and

Ameriprise

(AMP) - Get Report

was weaker by 2.1%.

Elsewhere,

Goldman Sachs

(GS) - Get Report

was little changed, and

Washington Mutual

(WM) - Get Report

edged down 1%.

Wachovia

(WB) - Get Report

was even weaker, surrendering 7%.

This article was written by a staff member of TheStreet.com.