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Monday's Financial Winners & Losers

Janus Capital falls on a downgrade, while BlackRock soars.

Janus Capital

(JNS)

lost ground after the Denver-based mutual fund company was downgraded by Goldman Sachs to sell from neutral. On Friday, the company reported a 7% drop in third-quarter profit and fell short of Wall Street expectations. Shares were trading down 44 cents, or 2%, to $20.35.

BlackRock

(BLK) - Get BlackRock, Inc. Report

gained after the asset-management company beat Wall Street's third-quarter earning expectations. The company reported lower profit due to an 88-cents-a-share charge stemming from the merger of some of its operations with

Merrill Lynch

(MER)

. BlackRock earned $18.9 million, or 28 cents a share, compared with $61.1 million, or 92 cents a share, a year ago. Revenue rose 7% to $323 million.

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Without the charge, BlackRock would have earned $1.16 a share, beating the Thomson Financial consensus estimate of $1.15 a share. Shares were trading up $6.79, or 4.5%, to $156.29.

American Financial Realty Trust

(AFR)

gained after the Jenkintown, Pa.-based REIT was upgraded by Deutsche Securities to buy from hold. Shares gained 56 cents, or 5%, to $11.68.

CNA Surety

(SUR)

gained after the Chicago-based insurer posted a 19% rise in third-quarter earnings. The company reported net income of $23.6 million, or 54 cents a share, compared with $19.8 million, or 46 cents a share, a year ago. The Thomson Financial consensus had the company earning 43 cents a share. Shares were trading up 80 cents, or 3.9%, to $21.19.

Bristol West

(BRW)

gained after the Davie, Fla.-based property and casualty insurer was upgraded by Stifel Nicolaus to hold from sell. Shares were gaining 51 cents, or 3.7%, to $14.15.