North Fork Bancorp
( NFB) slipped after Friedman Billings Ramsey lowered its rating on the company's shares. FBR cut its rating on North Fork to market perform from outperform and the banking company's shares lost 55 cents, or 2.1%, to $25.55.
pulled back after the company filed documents with the
Securities and Exchange Commission
to register nearly 12.5 million shares for a stockholder to sell. The company won't receive any proceeds from the sale. Shares of Legg Mason fell $4.38, or 3.3%, to $130.59.
First Niagara Financial
saw its shares decline after a Wall Street firm took down its rating on the company's stock. Sandler O'Neill downgraded First Niagara to sell from hold, and the bank's stock slipped 45 cents, or 3.1%, to $14.09.
shares fell in the wake of the company's completion of its restatement of results for 2000 through 2004. The cumulative effect of the restatement through Dec. 31, 2004, reduced Doral's retained earnings by $694.4 million. Pretax earnings were cut by $920.8 million, and stockholders' equity declined by $688.2 million. Shares of the mortgage banking and insurance company lost 56 cents, or 4.8%, to $11.16.
( AXA) was higher after the company said its 2005 net income rose 12% from a year ago to 4.17 billion euros. AXA earned 3.74 billion euros in 2004. The insurance and financial-services company also said that, barring a significant downturn in the equity markets, net capital gains should contribute 600 million to 800 million euros to its adjusted earnings in 2006. AXA, which trades American depositary shares in the U.S., edged up 17 cents, or 0.5%, to $35.38.