Dallas, TX 11/11/2009 1:34:03 AM
News / Business

Biggest Financial Stocks Losers are PMI, HRP, ZION

Financial Stocks

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The PMI Group, Inc. (NYSE:PMI) decreases 8.25% to $2.10. The stock hit an intraday high and an intraday low of $2.31 and $2.10 respectively. In the last six months the stock went up over 12%. The PMI Group, Inc. provides residential mortgage insurance products designed to promote homeownership. During the year ended December 31, 2008, the Company operated in four segments: United States Mortgage Insurance Operations, International Operations, Financial Guaranty, and Corporate and other.

HRPT Properties Trust (NYSE:HRP) decreases 5.72% to $6.76 on over 1.47 million shares after the company reported third-quarter results that put it on pace to largely meet our full-year expectations. For the quarter, revenue fell 2% and earnings before interest, taxes, depreciation, and amortization fell 4%. Other metrics also showed the weak economy's negative impact on HRPT's leasing operations. Occupancy fell to 88.0%, down 260 basis points from a year ago and down 110 basis points sequentially.

Zions Bancorporation (NASDAQ:ZION) decreases 6.27% to $13.45. The stock hit an intraday high and an intraday low of $14.33 and $13.39 respectively. In the last six months the stock went down over 33%. Zions Bancorporation is a financial holding company. The Company provides a range of banking and related services through its banking and other subsidiaries, primarily in Utah, California, Texas, Arizona, Nevada, Colorado, Idaho, Washington and Oregon.

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