Bank of Ireland: Financial Winners & Losers
NEW YORK (
)-- The market declined Tuesday,
pressured by weakness across energy and basic materials.
The
Financial Select Sector SPDR Fund
(XLF) - Get Report
, an ETF dedicated to the financial sector, moved into lower territory trading down 28 cents to $14.72.
Ironically, one of the big financial winners of the day is
Bank of Ireland
(IRE)
. The stock was up 13 cents to $2.33 on news that The European Central Bank would support an Irish request for financial assistance.
Overall, financial stocks slummped. Several banks' stock slipped after a
by the Congressional Oversight Panel estimated buyback-loss estimates from the foreclosure fiasco caused by "robosigning" could total $52 billion.
Bank of America
(BAC) - Get Report
shares fell 23 cents at $11.87.
JP Morgan
(JPM) - Get Report
shares fell 77 cents to $39.30.
Citigroup
(C) - Get Report
shares slid 11 cents to $4.22.
Wells Fargo
(WFC) - Get Report
shares fell 60 cents to $27.08.
Another big loser of the day was
Regions Financial
(RF) - Get Report
. Shares sunk by 50 cents to $5.70 on news that
three risk managers are leaving the bank
.
--Written by Maria Woehr in New York.
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