Wednesday's Financial Winners & Losers - TheStreet

Wednesday's Financial Winners & Losers

The merged NYSE Euronext begins trading.
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The

New York Stock Exchange

closed its merger with Euronext Wednesday; shares of the new company,

NYSE Euronext

(NYX)

, were recently easing by $3.41, or 3.4%, to $97.59.

Apollo Investment

(AINV) - Get Report

got a lift after its parent company, Apollo Management, was rumored to be

considering an initial public offering. Shares were gaining 37 cents, or 1.7%, to $22.30.

Penson Worldwide

(PNSN)

was higher Wednesday after Zacks rated the asset manager a buy in the "aggressive growth" category, calling it an "underfollowed growth story" with "quite encouraging" profits in its short history as a publicly traded company. Shares were up 61 cents, or 2%, to $31.28.

Marshall & Ilsley

(MI)

gave back some of Tuesday's gains after AG Edwards cut its rating to hold from buy. The Milwaukee-based bank confirmed reports after the bell yesterday that it will spin off its Metavante unit, with private-equity firm Warburg Pincus taking a 25% stake in the new company for $625 million. Analysts with Fox-Pitt Kelton and Fitch Ratings both praised the split, but M&I shares were off $1.62, or 3.3%, at $48.21 in recent trading.

Fortress Investment

(FIG)

slipped after agreeing to buy Bermuda-based insurer

Alea

for about $320 million (162 million pounds). Shares of the New York-based asset manager were down 90 cents, or 3.1%, to $28.09.