Thursday's Financial Winners & Losers - TheStreet

Thursday's Financial Winners & Losers

Penson Worldwide slumps on lowered guidance.
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Updated from 2:50 p.m. EDT

Financial stocks slunk behind the broad indices Thursday as

Penson Worldwide

(PNSN)

took a 24.7% nose dive on a slashed full-year outlook.

The Dallas-based asset manager now expects to earn $1.20 to $1.24 a share in fiscal 2007 -- at least 11 cents below the prior range -- after experiencing a weaker-than-expected second quarter. Analysts polled by Thomson Financial are looking for $1.39 a share. Despite simultaneously announcing a $25 million share-buyback plan, the stock lost $6.25 to $19.11 in heavy trading.

H&R Block

(HRB) - Get Report

was another prominent laggard after its Option One subsidiary didn't get a renewal on its

Lehman Brothers

warehouse financing facility. That leaves the subprime-mortgage-lending unit with $8 billion in total committed warehouse capacity, and $2 billion in uncommitted capacity. H&R Block

agreed to sell

Option One to a

private-equity firm in April. Shares of the tax preparer were off 2.1% to $22.55.

Elsewhere, lender

CIT Group

(CIT) - Get Report

slipped after saying its aerospace unit will buy five 787 Dreamliner aircraft from

Boeing

(BA) - Get Report

for some $810 million. Shares of CIT retreated 93 cents, or 1.6%, to $55.81; Boeing was up 0.7% to $98.36.

CIT helped to pull down the

NYSE

Financial Sector Index, which slid 0.3% to 9709.08. The KBW Bank Index was down 0.6% as many of its components traded in the red -- among them,

Huntington Bancshares

(HBAN) - Get Report

and

Wells Fargo

(WFC) - Get Report

, which shed 1.5% and 1%, respectively.

On the flip side, however, asset manager

Blackstone

(BX) - Get Report

flew higher on Tuesday's postclose news that it will buy

Hilton Hotels

(HLT) - Get Report

for about

$26 billion in cash

, or $47.50 a share -- a 31.8% premium to Hilton's Tuesday close. The deal should close in the fourth quarter.

Blackstone added 3.1% to $30.63 as Hilton shares soared 25.9%.

Finally, shares of

Nymex

(NMX)

ticked up after the commodities exchange said its June average daily volume surged 33% to about 1.4 million contracts. Shares closed up $1.32 at $127.20.