A late market surge erased early losses, though the major indices still managed to close mixed. The day was marked by a flight to gold as the big banks look to report earnings and oil fell more than 4%.
Here are today’s winners and losers:
Winners
Huntington Bancshares Inc. (HBAN)
The regional continued its rally from last week’s Wells Fargo outlook. The stock closed up 33%, to $2.86 – a gain of 71 cents on the day.
E*Trade Financial Corp. (ETFC)
Following sector trends, the stock gained 28.9%, or 39 cents, to close the day at $1.74.
Citigroup Inc. (C)
News of a possible sale of its Nikko Citigroup investment group helped shares of the financial giant rise 25%, or 76 cents, to close at $3.80.
American International Group Inc. (AIG)
Despite continued worries about the insurance behemoth, the stock followed sector trends and ended the day up 22.4%. AIG finished the session at $1.42, a gain of 26 cents.
Fifth Third Bancorp. (FITB)
An analyst upgrade on JP Morgan sent other banks higher Monday, regionals included. FITB saw monster gains, closing up 21.2% higher. Shares ended the day at $4.34 a piece, a gain of 76 cents on the day.
Losers
Genworth Financial Inc. (GNW)
The insurer said that it would not be taking TARP, and investors were not pleased. Shares fell 17.8%, or 49 cents, to end the day at $2.26.
General Motors Corp. (GM)
Continued bankruptcy worries hurt the auto maker, sending shares down by 16.2%. GM ended the day at $1.71, a loss of 33 cents.
MEMC Electronic Materials Inc. (WFR)
News that the company might miss its first quarter revenue outlook sent shares of WFR down by14.6% on Monday. The wafer maker closed at $16.18, a loss of $2.76.
Textron Inc. (TXT)
A downgrade to neutral sent the stock down by 9.5%, or $1.29, on the day. Shares closed the first session of the week at $12.27 a piece.
Teradata Corp. (TDC)
Following sector trends, the data warehousing company fell 6.9%. TDC last traded at $15.31, a loss of $1.14.
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Market Winners & Losers: Textron, H&R Block
