Financial Sector Update: February 22nd, 2011

February 23, 2011

Major financial shares are down 1-2% in pre-market trade, hit by pan-sector pressure on the stock market today. Citigroup (C) fell 1%, despite media reports that three large hedge funds went heavily into the shares during 2010 Q4. They are namely Appaloosa Management, Soros Fund Management, and Shumway Capital Partners. First Financial Northwest, Inc. (FFNW) is up 15% at last look. It's the holding company for First Savings Bank Northwest. Volume is light in the shares with no corporate-specific news.