Updated from 2:37 p.m. EDT
Financial stocks joined the rest of the market's tumble into the red Thursday, and among those on the dense losing side was
The Dutch-based bank lost 2.5% to $46.54 after its chief financial officer, Hugh Scott-Barrett, decided to resign effective Aug. 1, having refused the new position he was offered in connection with ABN's
. Huibert Boumeester will replace him.
Financial Sector Index, of which ABN is a component, recently plunged 152.90 points, or 1.5%, to 9767.87. Meanwhile, the KBW Bank Index was losing 1.77 points, or 1.5%, to 116.40.
, a California-based real estate investment trust, posted falling first-quarter "core" earnings of $1.08 a share, compared with $1.16 a year ago. That misses the mean Wall Street estimate by 13 cents, according to Thomson Financial. Shares declined 4.2% to $49.65.
Houston-based asset manager
Sanders Morris Harris
( SMHG) dropped 5.1% to $12.82 after missing first-quarter per-share profit targets by 4 cents, and
, based in New York, saw a year-over-year decline in GAAP-based income and was short of revenue estimates. Shares shed 5% to $12.84.
Elsewhere, Baltimore asset manager
was hit with a Wachovia downgrade to market perform from outperform on the heels of Wednesday's earnings release. Shares fell 4.2% to $98.65.
started off strong after an analyst with Stifel Nicolaus upped the credit-card company to hold from sell, citing his belief that MasterCard has raised its payment-processing fees. But, more recently, shares pulled back 0.5% to $138.82.
Among the many other sinking financial stocks today, online broker
was down 7.8% to $16.26,
( NCC) slid 3% to $35.24, and
lost 2.7% to $1.93.
On the other hand, Minneapolis-based payment-services firm
added another 5 million shares to its stock buyback program, lifting shares by 2.8% to $29.43, and
boosted its own stock-repurchase program eightfold to 16 million shares. The Bermuda-based insurer was up 1.4% to $37.56.
Other rare financial winners Thursday included credit-card company
, up 1.1% to $76.15, and online broker
, up 1.5% to $23.37. Asset manager
rose 2.8% to $52.29 earlier in the day but closed down 0.6% $50.55.