Biggest Financial Stock Losers were NYB, CNO, RSO : by Penny Stock Pick Alert

by EIN on 2009/12/09

in economy

(EMAILWIRE.COM, December 09, 2009 ) Dallas, TX – New York Community Bancorp, Inc. (NYSE:NYB) fell 5.60% to $12.65 on 59.44 million shares after the company announced that it has priced its underwritten public offering of 60 million shares of its common stock at a price to the public of $13.00 per share. The offering is expected to close on December 11, 2009. The proceeds from the offering will qualify as tangible common equity and Tier 1 regulatory capital, and will be used by the Company for general corporate purposes, including capitalizing the growth stemming from its acquisition, last Friday, of the deposits and certain assets of AmTrust Bank.

Conseco, Inc. (NYSE:CNO) plunged 6.20% to $4.84 on 7.45 million shares after the company announced that for fiscal 2010, it expects net operating income (EBIT) of between $145-$170 million and net operating income of between $0.60 and $0.70 per basic share and between $0.55 and $0.65 per diluted share. According to Reuters Estimates, analysts were expecting the Company to report earnings per share (EPS) of $0.85 for the same period.

Resource Capital Corp. (NYSE:RSO) declined 11.27% to $4.33 on 6.22 million shares after the company announced that it has priced a public offering of 10 million shares of its common stock at $4.50 per share. Proceeds to the Company, after the underwriting discount but before expenses, will be approximately $42.5 million. FBR Capital Markets & Co. acted as sole book-running manager and JMP Securities LLC acted as co-manager for this offering.

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Source: EmailWire.Com

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