Updated from 2:25 p.m. EDT with new stock pricesCitigroup ( C) led financial stocks downhill Monday after the banking giant reported
Elsewhere, negative analyst research hurt Illinois-based Calamos Asset Management ( CLMS), down 6.35% to $29.92, and Florida's BankUnited Financial ( BKUNA), which lost 9.18% to $11.58. Credit Suisse and JPMorgan respectively downgraded the firms to neutral ratings. But Goldman Sachs raised Assurant ( AIZ) to buy, citing robust earnings from a special property and the expectation of a reinstated stock-buyback program next year, among other things. Shares of the New York-based insurer ticked up 44 cents to $56.45. Waddell & Reed Financial ( WDR) got a Credit Suisse upgrade to outperform, which boosted shares by 3.68%. Also among the scant financial-sector winners, with gains of at least 1.3% apiece, were asset manager U.S. Global Investors ( GROW), education lender First Marblehead ( FMD), and mortgage lender Thornburg Mortgage ( TMA).