New York (


) --

J.P. Morgan Chase & Co

(JPM) - Get Report

was the biggest loser in the financial sector Monday prior to the

Federal Reserve Board's

announcement on interest rates Tuesday afternoon.

The stock also wavered after

The Wall Street Journal

reported that the bank, along with


(C) - Get Report

, would be subpoenaed by New York Attorney General Andrew Cuomo for, "predatory health care lending." J.P. Morgan's stock fell 1.53%, to $39.82. Citigroup's stock, on the other hand, was up .49% at $4.08.

Shares of

Marshall & Ilsley Corp.'s

( MI) also took a .98% hit. The stock was trading at $7.07 a share.

Berkshire Hathaway

(BRK.B) - Get Report

shares traded up .29%, at $80.70 a share, after results released late Friday revealed that its second-quarter profit fell 40% due to $1.4 million in losses on derivative contracts and equity investments.

Other financial losers included

Bank of America

(BAC) - Get Report


Morgan Stanley

(MS) - Get Report

. Bank of America shares were trading down .36% at $13.91. Morgan Stanley shares were in the red by .72%, trading at $27.45 per share.

On the positive side,

Leucadia National


shares were up 2.13%, at $22.07, after it posted a quarterly net loss of $244.7 million.


(IVZ) - Get Report

also gained 2.59%, to $19.82 per share.

Regions Financial

(RF) - Get Report

gained 2.57%, or $7.59 a share.


American Interational Group

(AIG) - Get Report

shares traded up 1.73%, to $41.64 a share, after the insurer reported second quarter results last Friday that led analysts to predict the divestment of more business units in order to repay the government.


Written by Maria Woehr in New York


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