FirstFed Financial downgraded
Shares of FirstFed Financial Corp. (NYSE:FED) are lower on news that the savings and loan holding company has been downgraded to “neutral” from “outperform” by financial services firm Credit Suisse. A research note published after the close on Thursday expressed concern over an increase in FirstFed’s non-performing assets, according to news reports.
At 12:52 p.m. ET, the stock was down $1.70, or 7%, to $24.58. For detailed price information and recent news stories about FirstFed Financial, click FED.
