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Biggest Financial Stocks Losers were SNV, TONE, CPF : by Penny Stock Pick Alert

Synovus Financial Corp., TierOne Corporation and Central Pacific Financial Corp. Financial Stocks Losers as reported by Penny Stock Pick Alert.

 



(EMAILWIRE.COM, November 12, 2009 ) Dallas, TX - Synovus Financial Corp. (NYSE:SNV) went down 9% to $1.82 on 28.32 million shares after Morgan Keegan gave the Regional - Mid-Atlantic Banks industry some bad news as it announced that the company was downgraded from Outperform to Market Perform. Synovus Financial Corp. is a diversified financial services company and a registered bank holding company. The Company provides financial services, including commercial and retail banking, financial management, insurance, mortgage and leasing services. The Company offers services to its customers through 31 wholly owned subsidiary banks and other offices in Georgia, Alabama, South Carolina, Florida and Tennessee.

TierOne Corporation (NASDAQ:TONE) decreased 36.84% to $1.08. The stock hit an intraday high and an intraday low of $1.58 and $0.95 respectively. In the last six months the stock went down over 52%. TierOne Corporation is the holding company for TierOne Bank. The Bank has two wholly owned subsidiaries, TMS Corporation of the Americas and United Farm & Ranch Management, Inc. TMS is the holding company of TierOne Investments and Insurance, Inc. (doing business as TierOne Financial), a wholly owned subsidiary that administers the sale of securities and insurance products.

Central Pacific Financial Corp. (NYSE:CPF) plunged 7.02% to $1.06. The stock hit an intraday high and an intraday low of $1.20 and $1.04 respectively. In the last six months the stock went down over 87%. Central Pacific Financial Corp. is a bank holding company for its bank subsidiary, Central Pacific Bank. Through its bank and its subsidiaries, the Company offers full-service commercial banking with 39 bank branches and more than 95 automate teller machines located throughout the state of Hawaii. The Company operates four branches on the island of Maui, two branches on the island of Hawaii, and one branch on the island of Kauai.

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