Goldman Sachs: Financial Winners & Losers

Goldman Sachs shares retraced some of the previous session's losses while other financial stocks fell.
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) --

Goldman Sachs

(GS) - Get Report

was among the winners of the financial sector Friday, retracing some of the previous session's losses spurred by a report that U.S. regulators are probing a second collateralized debt obligation.

Goldman Sachs

shares rose while the rest of the financial sector lost ground one day after

The Financial Times

reported that the

Securities and Exchange Commission

has stepped up its examination into a Goldman CDO that wasn't part of the civil fraud charges filed against the firm in April.

The SEC's interest in Hudson Mezzanine Funding, a $2 billion CDO, comes amid settlement talks with Goldman over accusations that the bank defrauded investors in Abacus, a similar CDO, the newspaper reported, citing people close to the matter.

After falling 2.2% Thursday, Goldman Sachs shares were rising 1.1% to $135.18. Still, the stock is down 22% over the past three months.

While Goldman gained ground, most other major U.S. bank stocks were sliding.

Wells Fargo

(WFC) - Get Report

fell 1.9% to $27.59,

JPMorgan Chase

(JPM) - Get Report

lost 1.5% to $37.71, and


(C) - Get Report

was down 0.9% to $3.87.

On the positive side,

Morgan Stanley

(MS) - Get Report

tacked on 0.7% to $25.77, and

Bank of America

(BAC) - Get Report

inched 0.3% to $15.51.

In bank-related news, the Treasury Department said that its initial sale of

Citigroup stock

has now pushed repayments of Troubled Asset Relief Funds, or TARP, past the halfway mark.


Lauren LaCapra reports that troubled firms still owe $190 billion in TARP money, with $194 billion repaid to-date.

Zions Bancorp

(ZION) - Get Report

shares were trading lower Friday after the bank said it has priced an offering of 5 million preferred shares, raising $125 million. Zions priced each share at $25 with an initial dividend rate of 11%. Underwriters have a 30-day option to purchase up to 750,000 additional shares to cover overallotments.

Zions shares were down 2% to $23.09 after the announcement.

-- Written by Robert Holmes in Boston


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