Good Financial/Bad Financial Divergence

The average stock currently in the S&P 500 was down 7.59% in the third quarter. But even though the Financial sector is right at the center of the storm, it's interesting to note that the majority of the best performing stocks last quarter were indeed Financials. Even though FNM, FRE, AIG, LEH, WM and WB pretty much went under, other banks like Wells Fargo (WFC), Bank of America (BAC), and JP Morgan (JPM) were all up more than 30% in Q3. As the credit crisis plays out, it's becoming apparent who the winners and who the losers will be.