Updated with MasterCard earnings, stock price movements




) --

Goldman Sachs

(GS) - Get Report

was among the losers of the financial sector Tuesday despite an analyst's report that said the firm was still a winner when it comes to M&A activity.

Goldman Sachs "has hit a major homerun in the merger deals being announced in the past two days," wrote Dick Bove, analyst with Rochdale Securities, referring to

Berkshire Hathaway's

(BRK.A) - Get Report

acquisition of

Burlington Northern



Stanley Works'

(SWK) - Get Report

buyout of

Black & Decker


. Goldman served as an advisor on both deals.

"Fees from these deals will not be recorded until closing but they are expected to be substantial," Bove added. "The stock continues to be quite attractive."

Despite this, Goldman Sachs was lately down 15 cents, or 0.1%, to $170.53.


Lloyds Banking Group

(LYG) - Get Report

announced a record share issue while rival

Royal Bank of Scotland

(RBS) - Get Report

outlined plans to sell assets in order to satisfy European Union regulators. Both will also receive more aid from the government.


said it will not participate in the British government's Asset Protection Scheme, instead choosing to raise 21 billion pounds ($34 billion) through a share issue. The bank will also sell some assets.

RBS is set to participate in the Asset Protection Scheme under revised terms. The bank will also be forced to sell of multiple assets.

Shares of Lloyds were rising 4.4% in the U.S. to $5.68, while RBS was slumping by 5.5% to $11.95.

Meanwhile, Swiss bank


(UBS) - Get Report

swung to a loss in the third quarter, hit by three substantial charges and client withdrawals from its private bank.

UBS reported a net loss of 564 million Swiss francs ($552.9 million), pressured by a credit charge of 1.436 billion francs due mostly to the tightening of its credit spreads, a net loss of 409 million francs on the UBS Pactual sale, and another 305 million francs on the conversion of convertible notes issued to the Swiss government.

UBS continued to see clients pull money during the quarter, as net new money outflows totaled 36.7 billion francs. Lately, UBS shares were falling by 73 cents, or 4.3%, to $16.05 in trading on the New York Stock Exchange.

Most other bank stocks traded lower Tuesday.


(C) - Get Report

fell by 2.3% to $3.90,

Bank of America

(BAC) - Get Report

lost 1% to $14.48,

Morgan Stanley

(MS) - Get Report

slid 0.3% to $31.89,

Wells Fargo

(WFC) - Get Report

gave back 0.5% to $27.47 and

JPMorgan Chase

(JPM) - Get Report

was down 0.3% to $42.46.

In other earnings news,


(MA) - Get Report

reported a third-quarter profit of $456 million, or $3.48 a share, widely exceeding Wall Street's consensus estimate. Revenue rose 2% in the third quarter to $1.4 billion, also surpassing analysts' expectations.

However, MasterCard shares fell by 3.1% to $215.78 after the company said it anticipates that marketing expenses will increase 20% in the fourth quarter.

-- Written by Robert Holmes in New York


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