Bank of Hawaii Shares Plunge

The fact that financial sector stocks as a group are up today after last week's sell off caused by proposed changes to the way banks are allowed to do business and worries over the momentum of China's economy didn't help Bank of Hawaii Corporation (NYSE: BOH).

The stock took a steep dive today and has fallen nearly 6%. The stock took the hit when it reported earnings of $144 million for 2009, which were down 25% from $192.2 million in 2008.

The bank ended the year with a strong 4th quarter but $26 million of its 4th quarter earnings came from the sale of securities.