Goldman Sachs: Financial Winners and Losers
NEW YORK (
) --
General Motor
's
(GM) - Get General Motors Company Report
initial public offering and positive economic data carried financial stocks upward Thursday.
The Financial Select Sector SPDR
(XLF) - Get Financial Select Sector SPDR Report
closed up 20 cents at $14.86.
Goldman Sachs
(GS) - Get Goldman Sachs Group Inc. (The) Report
was the big winner of the day. Goldman ended the day up $2.46 at $167.35. The firm announced 110 new partners and 321 managing directors as part of its annual promotion.
Citigroup
(C) - Get Citigroup Inc. Report
shares closed up 11 cents at $4.30
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American International Group
(AIG) - Get American International Group Inc. Report
closed up 78 cents at $42.56. The insurer
its offer to exchange 74.5 million equity units until Tuesday evening as it prepares for a massive conversion of the U.S. Treasury Department's preferred stake.
There were some losers Thursday.
Regions Financial
(RF) - Get Regions Financial Corporation Report
shares closed down 23 cents at $5.31 after Fitch Ratings lowered Regions ratings to BBB-.
Fifth Third Bancorp
(FITB) - Get Fifth Third Bancorp Report
was also a big loser Thursday, ending the day down 31 cents at $12.08.
--Written by Maria Woehr in New York.
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