was hammered again Thursday, leading to another uneven session for the financial sector.
This time, a series of downgrades weighed on the stock, as the company's capital-preservation plan failed to impress analysts. Even with late-day reports that
could be seeking a buyer, possibly
Bank of America
, the damage was already done, and the shares closed down another 42% to finish at $4.22.
, after a rough morning, rebounded late to close up 22% at $2.83.
For the most part, the financial components of the
Dow Jones Industrial Average
closed to the upside, led by a 5.7% gain in
and BofA were also positive.
missed the rally and slipped 0.4%.
sank 16.6% to $19.43, while
lost 5.3% to $14.28.
On the winning side,
was up 6.8% to $33.85, and
was better by 4.5% at $32.85.
Sector indices lost ground early in the day but rebounded as the session progressed. The NYSE Financial Sector index added 0.2%, and the KBW Bank index jumped 2.8%. The Amex Securities Broker/Dealer index declined 0.8%.
This article was written by a staff member of TheStreet.com.