Bank of America, KeyCorp, New York Times: U.S. Equity

By Cristina Alesci

Jan. 20 (Bloomberg) -- Shares of the following companies may have unusual fluctuations in U.S. trading. Stock symbols are in parentheses, and prices are as of 9:05 a.m. in New York.

Banks fell after the U.K.’s second bank-bailout plan in three months raised concern the financial crisis is deepening. The government of Prime Minister Gordon Brown said it will spend an extra 100 billion pounds ($142 billion) to support banks and increase its stake in Royal Bank of Scotland Group Plc (RBS LN).

Bank of America Corp. (BAC US) dropped 9.7 percent to $6.48. Bank of New York Mellon Corp. (BK US) fell 14 percent to $19.74. JPMorgan Chase & Co. (JPM US) retreated 6.9 percent to $21.25. Wells Fargo & Co. (WFC US), which Friedman Billings Ramsey Group Inc. said will probably cut its dividend during the first half of this year, lost 11 percent to $16.64.

ConocoPhillips (COP US) slipped 4 percent to $47.60. The second-largest U.S. refiner said it plans to cut 4 percent of its workforce and will take several writedowns in the fourth quarter, including one for $25.4 billion.

KeyCorp (KEY US): KeyCorp rose 2.6 percent to $6.48. The bank may more than double if the U.S. economy starts to recover and community banking picks up, Barron’s reported, citing analysts.

Martin Marietta Materials Inc. (MLM US): The company and Vulcan Materials Co. (VMC US) may fall 20 percent or more as their dependence on commercial and residential buildings hurt their profitability and overshadow gains from the federal government’s increased infrastructure spending.

New York Times Co. (NYT US) added 4.5 percent to $6.70. The newspaper publisher received $250 million in financing from companies controlled by Mexican billionaire Carlos Slim as the industry confronts plummeting advertising revenue and tighter credit markets.

Palm Inc. (PALM US) fell 6.4 percent to $7.40. The money- losing maker of the Treo and Centro mobile phones was downgraded to “neutral” from “overweight” by JPMorgan Chase & Co.

Pfizer Inc. (PFE US) lost 1.7 percent to $17.21. The world’s largest drugmaker failed to win U.S. approval to sell a treatment for women with weak bones that may be linked to an increase in deaths.

Teppco Partners LP (TPP US): The oil and natural gas company said Chief Financial Officer William Manias resigned.

State Street Corp. (STT US) slid 38 percent to $22.47. The world’s largest money manager for institutions said 2009 operating profit will be little changed from last year after fourth quarter earnings fell 71 percent.

To contact the reporter on this story: Cristina Alesci in New York at calesci2@bloomberg.net.