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Saturday, November 7, 
11:21 pm

Bank Watch: Lehman closes up as Wall Street ends mixed

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041808_wallstreet.jpgA bright spot in the financial services sector was Lehman Brothers Inc. The troubled bank's shares picked up 6.92% to close at $22.41 following reports that rumors of a forced sale of the company at a discount no longer hold true and that Lehman is issuing its employees midyear stock bonuses. Midyear stock bonus news may not necessarily be a positive sign as it points to potential employee attrition. - Michael Rudnick

 

Troubled Wall Street
Name Open Last price Change Mkt cap
J.P. Morgan Chase & Co. 34.36 34.62 0.60 118629.98
Lehman Brothers Inc. 21 22.41 1.45 12386.01
Merrill Lynch & Co. 31.7 31.15 -1.10 30693.09
Goldman Sachs Group Inc. 176.77 178.61 3.28 70406.82
Morgan Stanley 36.58 35.84 -0.76 39742.98
Citigroup Inc. 17.27 16.80 -0.33 88197.19
Source: The Deal

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