Most financial stocks were lower Wednesday, with the NYSE Financial Sector index off 6.8% and the KBW Bank index down 8.7%.

Among individual stocks, notable movers were:

Ambac

( ABK), down 41% to $2.01

MBIA

(MBI) - Get Report

, down 22% to $8.16

Citigroup

(C) - Get Report

, down 14% at $12.63

Wachovia

(WB) - Get Report

, down 11% at $5.98

Bank of America

(BAC) - Get Report

, down 11% at $21.75

Morgan Stanley

(MS) - Get Report

, down 10% at $17.06

Wells Fargo

(WFC) - Get Report

, down 9% at $31.68

Goldman Sachs

(GS) - Get Report

, down 8% at $87.43

JPMorgan Chase

(JPM) - Get Report

, down 7% at $39.22

BB&T

(BBT) - Get Report

, down 7% at $33.55

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