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Monday's Financial Winners & Losers

Three exchange stocks trade lower on Goldman Sachs downgrades.
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Financial stocks slipped lower than the rest of the market Monday as Goldman Sachs dispersed negative research that knocked down several names.

NYSE Euronext


was cut to sell while commodities exchange

Chicago Board of Trade


and broker

GFI Group


were each downgraded to neutral from buy. NYSE was hardest hit, recently losing 5.3% to $87.45; CBOT eased by 2% to $193.32; and GFI gave up 3.1% to $67.54 in unusually high trading volume.



Financial sector index, which counts among its components CBOT and the NYSE itself, lately fell 0.5% to $52.82.

Bank of America

(BAC) - Get Bank of America Corp Report

, another NYSE Financial component, helped weigh down that index along with the KBW Bank tracker after confirming it will

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ABN Amro's


LaSalle Bank unit for $21 billion. BofA retreated 1.1% to $50.48 as the KBW index slid 0.7% at 116.36.

Dutch-based ABN also announced today that it will sell itself to Britain-based


(BCS) - Get Barclays Plc Report

for $91 billion. Both banks traded lower on the NYSE today: Barclays was off by 2% to $58.79, and ABN fell 1.7% to $48.46.

Asset manager



lost 3% at $30.64 on word it's leading a group to


transportation-equipment lessor



for $27.10 a share. The deal, valued at $2.4 billion including debt assumption, should close in the third quarter. Interpool shares were lately up 4.2% to $26.66.

As for earnings news, Missouri's

Independent Bank

(IBCP) - Get Independent Bank Corporation Report

logged one of the sector's biggest percentage losses today after first-quarter profits took a nosedive to 19 cents a share from last year's 53 cents. 2007 guidance was also cut by at least 30 cents to range between $1.20 and $1.40 a share. Its stock plunged 14% to $16.54.


(SNV) - Get Synovus Financial Corp. Report

first-quarter profits rose from last year, but they missed average targets by a penny, according to Thomson Financial. Shares were down 1.7% at $32.73.

On the other hand, Illinois-based

Wintrust Financial

(WTFC) - Get Wintrust Financial Corporation Report


Western Alliance Bancorp

(WAL) - Get Western Alliance Bancorp Report

of Las Vegas both jumped after squaring with first-quarter estimates. Wintrust gained 5.2% at $45.34; Western Alliance rose 2.2% to $32.40.

Elsewhere, Merrill Lynch upped

Goldman Sachs

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

to buy along with a few other big brokers, citing Goldman as the strongest of the lot. Shares lifted by 0.8% to $221.76. Goldman, meanwhile, raised

Nasdaq Stock Market


to buy from neutral, boosting the exchange's shares by 3.6% to $33.28.

Among other financial winners today,

Encore Capital

(ECPG) - Get Encore Capital Group, Inc. Report

jumped more than 8% after J.C. Flowers and FPK Capital agreed to buy a quarter of the loan purchaser's shares for the largest single stake; Red Mountain Capital has already bought a 15% stake. Shares were up 89 cents to $11.65 in recent trading.