SNV, CB, STSA are The Top Losers from Financial Stocks

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Synovus Financial Corp. (NYSE:SNV) is the active loser of today`s trade as it plunges 16.25% to $2.99 on unusual volume of 18.14 million shares after Analysts were expecting Synovus Financial Corp. to report earnings of $-0.67 for last quarter, but SNV missed expectations with actual earnings of $-1.27 which is 60 cents below the consensus estimate. Synovus Financial Corp. is a diversified financial services company and a registered bank holding company.

The Chubb Corporation (NYSE:CB) corrected 4.59% or $2.47 to $51.32 on over 2.21 million shares after Stifel Nicolaus gave the Property & Casualty Insurance industry some bad news as it announced that the company was downgraded from Buy to Hold. The Chubb Corporation is a holding company for a family of property and casualty insurance companies known as the Chubb Group of Insurance Companies.

Sterling Financial Corporation (NASDAQ:STSA) plunges 17.63% to $0.923 on a volume of 1.90 million shares after the company  reported the net loss attributable to Sterling's common shareholders was $463.7 million, or $8.93 per common share, compared with net income in last year's third quarter of $5.0 million or $0.10 per common share. Sterling Financial Corporation is a bank holding company. Its principal operating subsidiaries are Sterling Savings Bank and Golf Savings Bank.

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