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Goldman Sachs: Financial Winners & Losers

Goldman Sachs shares dropped on a report that federal probes could lead to criminal charges.

(Goldman Sachs and other stock prices brought current in this update.)



) --

Goldman Sachs

(GS) - Get Goldman Sachs Group, Inc. Report

was among the losers of the financial sector Friday after a report that federal prosecutors are conducting probes that could lead to criminal charges against the bank.

Goldman Sachs

shares tumbled after

The Wall Street Journal

reported that the Justice Department has opened an investigation in connection with its mortgage-trading activities, raising the possibility of criminal charges.

Goldman Sachs chairman and CEO Lloyd Blankfein.

If filed, criminal charges brought against Goldman Sachs would be different from the civil securities-fraud charges brought against the bank by the

Securities and Exchange Commission's

two weeks ago.

Following the report, Bank of America/Merrill analysts

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downgraded Goldman Sachs

to neutral from buy with a stock price target of $160, down from $220. Meanwhile, Standard & Poor's lowered Goldman's rating to sell from hold, cutting its price target to $140 from $180.

Goldman Sachs shares were down 9.5% to $145.10. The stock has fallen more than 20% since the SEC originally filed the civil fraud charges on April 16.

Most other major U.S. bank stock were trading lower in sympathy.

Bank of America

(BAC) - Get Bank of America Corp Report

lost 3.1% to $17.73,


(C) - Get Citigroup Inc. Report

fell 2.9% to $4.43,

JPMorgan Chase

(JPM) - Get JPMorgan Chase & Co. Report

was down 2.9% to $42.71, and

Morgan Stanley

(MS) - Get Morgan Stanley Report

slid 2.6% to $30.49.

Wells Fargo

(WFC) - Get Wells Fargo & Company Report

shares had traded in positive territory for much of the session, but were lately down 0.2% to $33.18.

On the earnings front,


(MET) - Get MetLife, Inc. Report

posted a first-quarter profit of $1.01 a share, which was better than the Thomson Reuters average estimate for a profit of 97 cents a share. Revenue wasup 18% from a year ago to $13.2 billion, also above consensus. MetLife was lately up 0.6% to $45.91.


Genworth Financial

(GNW) - Get Genworth Financial, Inc. Class A Report

said it swung to a first-quarter profit of 36 cents a share from a year-ago loss of $1.08 a share. On a net operating basis that reflects the company's reduction in ownership of Genworth MI Canada, Genworth earned 23 cents a share, below the Thomson Reuters average estimate. Shares were down 8.2% to $16.60.

In addition,


(BCS) - Get Barclays Plc Report

fell 8% to $20.55 even after the U.K. bank said first-quarter net profit in the quarter was 1.07 billion pounds ($1.64 billion), up from 826 million pounds a year earlier.

-- Written by Robert Holmes in Boston


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