(EMAILWIRE.COM, September 08, 2010 ) New York, NY - Financial Stocks closed lower Tuesday on Europe concerns. Some of the major losers in the sector are Citigroup Inc. (NYSE:C), that fell 2.05% to close at $3.83. The volumes were quite low today at 264.93 million shares as compared to its daily average volume of 392.74 million shares.

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National Bank of Greece (ADR) (NYSE:NBG) plunged 13.98% to $2.40 on over 9.32 million shares. Today, the stock opened at $2.73 and was trading within the range of $2.37-$2.73. The volumes were higher today at 9.32 million shares as compared to its daily average volume of 2.85 million shares.

National Bank of Greece S.A. is a Greece-based financial institution. It offers a range of integrated financial services, including corporate and investment banking, retail banking (including mortgage lending), leasing, stock brokerage, asset management and venture capital, insurance, real estate and consulting services.

Morgan Stanley (NYSE:MS) dropped 3.71% to $25.67 on over 12.08 million shares. The company cut its yield call again for the 10-year note by the end of the year, caving in to a rallying bond market.

Over the past 52-weeks, the stock traded within the range of $22.40-$35.78. At today`s closing market price, the market capitalization of the stock stood at $35.86 billion.

American International Group, Inc. (NYSE:AIG) went down 3.08% to $35.57 on over2.84 million shares. American International Group Inc plans to seek Hong Kong listing committee approval on September 21, to list its Asian life insurance unit, aiming to raise about $15 billion, two sources with direct knowledge of the deal said on Tuesday.

The volumes were at 2.84 million shares as compared its daily average volume of 4.14 million shares.

Allied Irish Banks, plc. (ADR) (NYSE:AIB) dropped 3.40% to $1.99 on over 1.89 million shares. Allied Irish Banks, p.l.c. together with its subsidiaries (collectively referred to as the AIB Group or the Group), conducts retail and commercial banking business in Ireland. It also provides corporate lending and capital markets activities from its head office at Bankcentre and from Dublin’s International Financial Services Centre.

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