NEW YORK (
) -- Financial stocks stumbled on Tuesday as the
Dow Jones Industrial Average
's December policy meeting on the $600 billion bond-buying program and revising QE2.
Financial Select Sector SPDR
ended the day down by a two cents to $16.27.
shares were up 24 cents at $28.47 on
was promoted to chief operating officer. Rosenthal spearheaded the integration of Smith Barney.
shares struggled to stay even at $4.90 as
and several other senior level executives were named by regulators in India in relation to a $67 million fraud case at one local branch. In addition six top Citigroup executives
worth of their common stock holdings before year-end and were granted new stock worth $3.1 million as part of their insider-trading plans, according to regulatory filings.
Losers on Tuesday included
. Shares were down 10 cents at $4.38 after the bank
CEO Donald Foley's $1.75 million signing bonus and instead increased his salary by a very generous 25%.
was also down 24 cents at $80.17 even though it may have seen a 43% increase in operating earnings last quarter. That's because
equity analyst Jay Gelb, says the stock is still not necessarily
shares ended the day down 15 cents at $190.04. Chief equity strategist
double digit growth in the equity markets in 2011.
--Written by Maria Woehr in New York.
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