(Updated to include change in share prices at market close; and comeback of BofA.)



) -- Thursday's market rout was unkind to the big-name financials, and the story was much the same on Friday.

Bank of America

(BAC) - Get Report

was the only major financial stock to eek out a gain at the close, though calling a rise of 0.06% a gain shows just how bad things went for financials today.

John Paulson of

Paulson & Co.

predicted that Bank of America's value would double in two years time earlier this week. After today's less than 0.1% gain, his bullish call still faces an uphill battle.Looking for other positives, the losses at

Morgan Stanley





, financials that led Thursday's retreat

, were much smaller, down 0.6% and 0.7% respectively.

Lazard, which received a ratings upgrade to 'buy' from Pali Capital, was trading up for most of the morning, though by mid-day it had gone back into negative territory on a percentage basis. Morgan may have received a little help from the announcement that it had finally unloaded an albatross of a real estate investment on

Barclays Capital


The real winners, however, were the Japanese financials, with

Nomura Holdings

(NMR) - Get Report

up over 6% and

Mitsubishi UFJ Financial


up over 3.5% at the close.

Mitsubishi announced plans yesterday to raise $1 trillion yen in new shares to shore up its Tier 1 capital structure, the largest ever share-offer in the Japanese market, which actually helped to push the Japanese market down yesterday. The company announced today that it will form an intermediate holding company separate of its larger financial conglomerate and

Mitsubishi UFJ Securities


The long list of losers continued to feature the sector's biggest names, with

Deutsche Bank

(DB) - Get Report


Goldman Sachs

(GS) - Get Report

performing the worst in Friday's session, down 2.7% and 1.6% respectively.


(C) - Get Report

was down 1.4%; while

JP Morgan

(JPM) - Get Report


Credit Suisse

(CS) - Get Report

were down 0.2% and 0.3% respectively.

The financial sector was down 0.55% for the day, almost double the S&P loss of 0.32%.

-- Reported by Eric Rosenbaum in New York

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