Top Losers Financial Stocks -FITB, FBP, WAL
Financial Stocks
Dallas, TX 10/26/2009 06:24 PM GMT (TransWorldNews)
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Fifth Third Bancorp (NASDAQ:FITB) is the active loser of today`s trade as it plunges 5.32% to $9.79 on unusual volume of 8.72 million shares after the company has been downgraded from “Neutral” to “Sell” by Rochdale. Fifth Third Bancorp is a diversified financial services company. As of December 31, 2008, the Bancorp operated 18 affiliates with 1,307 full-service banking centers, including 92 Bank Mart locations open seven days a week inside select grocery stores and 2,341 Jeanie automated teller machines in the mid western and southeastern regions of the United States.
First BanCorp. (NYSE:FBP) corrected 5.50% or $0.12 to $2.06 on over 429K shares. . The stock hit an intraday high and intraday low of $2.16 and $2.02 respectively. So far the stock price declined over 68% in last six months of trade. First BanCorp is a publicly-owned financial holding company. The Corporation is a bank holding company for FirstBank Puerto Rico and is a full service provider of financial services and products with operations in Puerto Rico, the United States and the US and British Virgin Islands.
Western Alliance Bancorporation (NYSE:WAL) plunges 17.97% to $0.919 on a volume of 3.13 million shares after the company reported net loss increased $9.8 million to $23.9 million for the third quarter 2009compared to a $14.1 million net loss for the second quarter 2009. Diluted loss per share was $0.37 compared with a $0.31 diluted loss per share for the second quarter 2009. Average diluted shares increased 34.7 percent to 71.7 million for the third quarter 2009 compared to 53.3 million for the second quarter primarily due to the common equity offering completed in May 2009.
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