Top 3 NYSE Financial Stock Losers
Bank of America Corporation (NYSE:BAC) slid 0.91% to $11.43. Last week, the company posted a third-quarter net loss of $7.3 billion, or 77 cents a share, compared to a net loss of $1 billion, or 26 cents a share, in the same period last year.
Excluding a goodwill impairment charge of $10.4 billion, the banking giant said it earned $3.1 billion or 27 cents a share in the quarter.
A survey of analysts by FactSet Research had produced a consensus forecast for earnings of 18 cents a share.
The stock went down more than 24% year-to-date.
Fidelity National Financial, Inc. (NYSE:FNF) dropped 0.45% to $13.14. Last week, the company said third-quarter net income rose to $83.2 million, or 36 cents a share, from $73.4 million, or 32 cents a share, in the year ago period.
Analysts surveyed by FactSet Research estimated earnings of 29 cents a share on revenue of $1.41 billion.
Over the past 52-week, the stock had traded within the range of $12.60-$16.07. At current market price, the market capitalization of the company stood at $3 billion.
Credit Suisse Group AG (ADR) (NYSE:CS) declined 1.87% to $41.36. The company said last week that its third-quarter net profit fell 74% to 609 million Swiss francs ($633 million) from 2.35 billion francs a year earlier as trading was hurt by low market volumes and subdued client activity.
The group said core net revenue for the quarter dropped 30% to 6.28 billion francs.
The stock went down more than 16% year-to-date.