Banking Stocks Biggest Losers - GFIG, CPF, EWBC

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GFI Group Inc. (NASDAQ:GFIG) dropped 11.07% and the last traded price was $4.58 after the company today announced financial results for the third quarter ended September 30, 2009. In the third quarter of 2009, compensation and employee benefits expense was 70.3% of total revenues on a GAAP basis and 68.4% on a non-GAAP basis, compared with 72.6% of total revenues on a GAAP basis and 62.9% on a non-GAAP basis in the third quarter of 2008.

Central Pacific Financial Corp. (NYSE:CPF) decreased 21.28% to close at $1.11 on over 2.76 million shares after the company on Thursday blamed a third-quarter net loss of $183.1 million on deteriorating commercial real estate markets and declining property values in Hawaii and California. Central Pacific said its $183.1 million net loss amounted to $6.38 per diluted share. The bank saw its shares fall 35.3 percent to $1.52 Thursday. As of Sept. 30, Central Pacific's remaining goodwill totaled $102.7 million, the bank said.

East West Bancorp, Inc. (NASDAQ:EWBC) was also the active loser in today’s trading session and fell 5.32% to end the day at  $8.55 on unusual volume of over 2.32 million shares. The stock hit an intraday high and intraday low $9.15 and $8.39 respectively. So far the stock price went up over 23% in last six months. East West Bancorp, Inc. is a bank holding company that offers a range of banking services to individuals and small to mid-size businesses through its subsidiary bank, East West Bank (East West Bank or the Bank) and its subsidiaries.