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Stock Update - FRE, CSE, AIB: Biggest Financial Losers

Biggest Financial Losers

Dallas, TX 11/02/2009 06:44 PM GMT (TransWorldNews)

 

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Freddie Mac (NYSE:FRE) is one of the most active losers in today`s trading sessions as it plunges over 4.88% to $1.17 on huge volume of 3.60 million shares after the company on Monday said that it sold $2.0 billion of bills at lower rates than at the most recent sales of the same maturities, while demand was weaker. Freddie Mac said it sold $1.0 billion of three-month bills due Feb. 1, 2010 at a 0.066 percent rate, down from 0.078 percent for its $1.0 billion bills auctioned on Oct. 26.


CapitalSource, Inc. (NYSE:CSE) declines 6.74% to $3.32 on huge volume of 2.50 million shares after the company today announced financial results for the third quarter of 2009. Net loss for the quarter was $274 million, or $0.87 per diluted share, compared to a net loss of $247 million, or $0.82 per diluted share in the prior quarter and net income of $14 million, or $0.05 per diluted share in the third quarter of 2008.


Allied Irish Banks, plc. (ADR) (NYSE:AIB) decreases 8.59% to $5.11 on over 1.68 million shares. The stock has jumped over 112% in last six months of trading sessions so far. The stock has a 52-week range of $0.72 to $11.36. Allied Irish Banks, together with its subsidiaries, conducts retail and commercial banking business in Ireland. It also provides corporate lending and capital markets activities from its head office at Bank centre and from Dublin’s International Financial Services Centre.

 

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