Biggest Losers (MI, GAP, BSX, STT, ZION)

Marshall & Ilsley Corporation (NYSE: MI) plunged 11.14% to $6.38 huge volume of 4.70 million share after Tuesday that it lost $248 million, or 68 cents a share. In the same period last year Marshall & Ilsley lost $83 million, or 32 cents a share. Analysts polled by FactSet Research estimated, on average, a loss of 65 cents a share. Results include debt-termination gains of 10 cents a share, credit-related expenses of 12 cents a share, and dividends paid to U.S. Treasury under Capital Purchase Program of 7 cents a share. The Milwaukee-based financial-services company also announced a public offering of $775 million of its common stock. The underwriters will be given an option to buy up to an additional 15% of the shares sold. Marshall & Ilsley said it plans to use net proceeds for general corporate purposes and may contribute part of them to the capital of its subsidiaries.

The Great Atlantic & Pacific Tea Company (NYSE: GAP) plummeted 16.18% to $9.53 on unusual volume of 1.27 million shares after The Company also announced fiscal 2009 second quarter results. Net loss was $80.3 million, or $3.74 per share, compared to net loss of $18.1 million or $1.97 per share in the prior year quarter. Also it announced Eric Claus, President and Chief Executive Officer, will be leaving the Company effective immediately. The Company has commenced a search for a successor and in the interim, Christian Haub, Executive Chairman of the Board, will reassume the Chief Executive Officer responsibilities, a position he previously held from 1998 until 2005.

Boston Scientific Corporation (NYSE: BSX) decreased $1.65 or 16.24% to $8.50 on 36.80 million shares after it reported a third-quarter profit last night of $200 million or 13 cents per share. BSX's third-quarter revenue came in at $2.01 billion, missing analysts' forecasts of $2.04 billion.

State Street Corporation (NYSE: STT) tumbled 7.18% to $48.50 on 1.96 million shares after after the company said it expects fiscal-2009 EPS to decline to between $4.13 and $4.17. Analysts have forecast a fiscal-2009 EPS of $4.17 for the bank.

Zions Bancorporation (NASDAQ: ZION) plunged 7% to $17.06 on very unusual volume of 3.92 million shares after it reported a third quarter net loss applicable to common shareholders of $179.5 million or $1.41 per diluted share, compared to a net loss of $40.7 million or $0.35 per diluted share for the second quarter of 2009.