Top Financial Stocks Losers today are BCS, LYG, PCBC

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Barclays PLC (ADR) (NYSE:BCS) plunges 5.78% to $19.87. The stock hit an intraday high and an intraday low of $20.18 and $19.45 respectively. In the last six months the stock went up over 10%. Barclays PLC is a global financial services provider engaged in retail and commercial banking, credit cards, investment banking, wealth management and investment management services with an international presence in Europe, United States, Africa and Asia.

Lloyds Banking Group PLC (ADR) (NYSE:LYG) plunges 10.04% to $5.58 after the company said on Friday new convertible bonds issued as part of a restructuring package unveiled earlier this month will convert to equity at a price of 59 pence per share. Under the overhaul plan, unveiled on Nov. 3, conversion would only take place if core tier one capital at Lloyds fell below 5 percent.

Pacific Capital Bancorp (NASDAQ:PCBC) plunges 8.68% to $0.977. The stock hit an intraday high and an intraday low of $1.06 and $0.61 respectively. In the last six months the stock went down over 80%. Pacific Capital Bancorp is a community bank holding company providing full service banking, including consumer and commercial lending, trust and investment advisory services, and other consumer and business banking products through its subsidiaries’ retail branches, commercial and wealth management centers, and other distribution channels to consumers and businesses primarily located in the central coast of California.