Story updated with closing prices
NEW YORK (
) -- Financial stocks made a comeback Tuesday, even after reports that consumer confidence sunk to its lowest levels since February.
The Financial Select Sector SPDR
closed up by 3 cents at $14.48.
The winning financial stocks for Tuesday included
, which ended the day up 76 cents at $32.16.
First Horizon National Corp.
closed up 20 cents to $11.17
was the biggest loser of the day. Shares in the bank continued to get slammed after reports surfaced over the weekend that merger discussions with
( STD) had collapsed. The bank's stock ended the day down $1.74, at $82.50.
American International Group's
stock fell 47 cents to $36.66 on news that the insurer is working out an arrangement to remove itself from government ownership. However, half way through the day the stock picked up and ended the day off up 19 cents at $37.32.
stock slipped 13 cents to $38.95. The bank has reportedly notified federal regulators that it wants to recoup the cash for the assets Washington Mutual, according to
--Written by Maria Woehr in New York.
To contact the writer of this article, click here:
To follow the writer on Twitter, go to
To submit a news tip, send an email to: