Biggest Financial Stocks Losers - NYSE: PL, BEE, ABK
Financial Stocks Losers
Dallas, TX 11/05/2009 06:24 PM GMT (TransWorldNews)
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Protective Life Corp. (NYSE:PL) is one of the most active losers in today`s trading sessions as it plunges over 12.80% to $16.96 on a volume of 187K shares after the company yesterday reported results for the third quarter of 2009. Net income for the third quarter of 2009 was $27.6 million, or $0.32 per average diluted share, compared to a net loss of $100.0 million, or $1.41 per average diluted share, in the third quarter of 2008. Operating income, after-tax, for the third quarter of 2009 was $47.9 million, or $0.55 per average diluted share, compared to $62.5 million, or $0.88 per average diluted share, in the third quarter of 2008.
Strategic Hotels & Resorts Inc. (NYSE:BEE) declines 6.55% to $1.57 on a volume of 289K shares after the company yesterday reported results for the third quarter ended September 30, 2009. The company reported third quarter net loss attributable to common shareholders of $73.5 million or $0.97 per diluted share, compared with net loss attributable to common shareholders of $65.7 million, or $0.88 per diluted share, for the third quarter of 2008.
Ambac Financial Group, Inc. (NYSE:ABK) decreases 13.33% to $1.30 on over 2.54 million shares. The stock hit an intraday high and an intraday low of $1.44 and $1.29 respectively. Ambac Financial Group, Inc. is a primarily a holding company. The Company, through its subsidiaries, provides financial guarantees and financial services to clients in both the public and private sectors worldwide. Ambac’s activities are divided into two business segments.
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