Financial Stocks Down (NYSE: C, BAC, GS)

Citigroup Inc. (NYSE:C) decreases 1.25% to $3.17 on 26.93 million shares after Reuters reported that the U.S. Treasury Department said it is considering how to dispose of its investments in Citigroup Inc., but has not made any decisions on the disposition of some $2.2 billion in Citigroup Trust preferred securities. Earlier, Bloomberg News reported that Treasury was considering the sale of Citi trust preferreds with an aim of locking in a profit on the lender's 2008 bailout.

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Bank of America Corporation (NYSE:BAC) falls 1.37% to $14.43 on 25.28 million shares after Reuters reported that Standard & Poor's revised its rating outlooks on Bank of America Corporation to negative from stable, citing uncertainty whether the government will provide more extraordinary support that benefits debt holders.

Goldman Sachs Group, Inc. (NYSE:GS) is down 1.16% to $152.26 on 1.65 million shares. The stock hit an intraday high and an intraday low of $153.26 and $151.14 respectively. In the last six months the stock went down over 7%. The Goldman Sachs Group, Inc. is a bank holding company and global investment banking, securities and investment management firm that provides services worldwide to corporations, financial institutions, governments and high-net-worth individuals.

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