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Barclays: Financial Winners & Losers

Financial stocks fell Wednesday as part of a broad market sell-off fueled by renewed concerns about the economic recovery.
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) -- Financial stocks were mostly lower Wednesday after new economic data stoked fears that the economy will slow signifcantly.

The Commerce Department reported that the U.S. trade deficit widened 18.8%, to $50 billion, and sent the

Dow Jones

(DOW) - Get Dow Inc. Report

falling over 200 points or 2%. The



shed 67 points and the

S&P 500


also dropped alsmost 30 points by midday.

Financial Select Sector SPDR

(XLF) - Get Financial Select Sector SPDR Fund Report

, a widely-followed exchange traded fund that tracks financial services companies, was down 45 cents to $14.28.

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Insurers and European banks were the biggest losers of the day.


(LYG) - Get Lloyds Banking Group Plc American Depositary Shares Report

shares were off by 8% at $4.34 and


(BCS) - Get Barclays PLC Report

lost almost 9%, trading down at $19.34, after announcing there would be layoffs in its investment bank subsidiary.

Banco Santander


shares also slipped over 7% to $12.48.


Hartford Financial Services

(HIG) - Get Hartford Financial Services Group Inc. (The) Report

led the declines in the insurance industry with shares dropping 6% to $21.20.

Ambac Financial 's


stock continued its downward trend, with shares trading down 4% to 66 cents each.

Regional banks also suffered some losses.

Susquehanna Bancshares


lost 8.41%, with shares trading down to $8.11.

Fifth Third Bancorp

(FITB) - Get Fifth Third Bancorp Report

shares dropped 53 cents to $12.47, and

State Street

lost almost 5% to $37.30.

Financial winners included

Northern Trust

(NTRS) - Get Northern Trust Corporation Report

, which was up 1% to $49.67.

Heritage Financial


also gained 20 cents to $11.90 after reporting second-quarter earnings leapt 93% to $297,000, or 3 cents a share.


Written by Maria Woehr in New York