(Updated with final closing prices throughout)Financial stocks ended mixed Tuesday even after Goldman Sachs ( GS) handily beat expectations with its second-quarter earnings report.
CIT Group shares jumped 19.3% to finish at $1.61, but are still down more than 50% over the last month. Corus Bankshares ( CORS) were also rallying after the Journal reported that private-equity firm Starwood Capital Group is bidding on assets of the struggling bank. Barry Sternlicht, who controls Starwood Capital, wouldn't name the bank in a conference call Monday but said his firm was bidding on a bank that is heavily concentrated in real-estate lending and has more than 110 construction loans. People with knowledge of the matter identified the bank as Corus, the Journal reported. Corus had a June deadline to raise capital or find a buyer, according to the report, and Corus last month tapped a crisis management firm that specializes in restructuring distressed, midsize companies. Corus shares surged 55.4% to end the day at 32 cents.