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Sunday, November 8, 
7:45 am

Bank Watch: Lehman jumps on talk of going private

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The market gave a warm reception to Lehman Brothers Inc.'s reported possible go-private deal as shares jumped nearly 13% to $13.67. There is also speculation that the New York-based investment bank will consider selling assets or form a partnership to raise capital.

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The jump in the stock price comes after Lehman's nine-year low of $12.02 on Monday on fears it does not have enough capital to stay in business. Meanwhile, Lehman's peers Merrill Lynch & Co., Goldman Sachs Group Inc. and Morgan Stanley are all being pulled up slightly on Lehman's prospects of a go-private deal. Here's a closer look at the performance of some major banking stocks. - Gerald Magpily

Troubled Wall Street

Share prices as of 12:30 pm

Name Open Last price Change Mkt cap
J.P. Morgan Chase & Co. 30.73 32.26 0.57 110.5B
Lehman Brothers Inc. 12.99 13.79 1.39 9.6B
Merrill Lynch & Co 25.54 26.07 0.19 25.7B
Goldman Sachs Group Inc. 157.04 159.62 0.95 62.9B
Morgan Stanley 31.42 32.04 0.29 35.5B
Citigroup Inc. 14.99 15.35 0.13 80.6B
Fannie Mae 8.46 7.89 -1.84 77.0B
Freddie Mac 5.97 5.84 -1.27 3.8B
Bank of America Corp. 19.55 19.97 -0.18 88.9B
Wachovia Corp. 8.68 9.70 -0.14 20.7B
Source: TheDeal

SeeDealscape: Lehman's management considers a take-private
See Dealscape: Lehman to consider partnering or asset sale





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