Financial Winners & Losers: Hartford

Citi and Bank of America are among the declining stocks in the sector.
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Financial stocks

were plummeting along with the overall market Monday as traders fled equities to seek safe havens in gold and Treasury bonds.

Recently, the NYSE Financial Sector index was losing 7.6%, and the Amex Securities Broker/Dealer index was off 6.9%. The KBW Bank index was dropping 9.3%.

Throughout the group, the selling was furious, as it was for the broad market. At one point, the

Dow Jones Industrial Average

had a loss of nearly 800 points.

Among individual stocks,

Wachovia

(WB) - Get Report

, which is being pursued by

Citigroup

(C) - Get Report

and

Wells Fargo

(WFC) - Get Report

, was down 5.3% at $5.88. Citi fell nearly 7%, and Wells was off almost 5%.

Citi wasn't even the worst financial component of the Dow. That distinction belonged to

Bank of America

(BAC) - Get Report

, which tumbled 9.6%.

American Express

(AXP) - Get Report

was lower by 8.6%, and

JPMorgan Chase

(JPM) - Get Report

was shedding 7.5%.

Hartford Financial

(HIG) - Get Report

was one of the session's few winners, climbing nearly 12% after saying it has agreed to a $2.5 billion capital investment from

Allianz

(AZ)

. Hartford also said it plans to cut its dividend and that it will probably post a loss in the third quarter.

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