More losses Friday morning
for banks on the announcement that the Federal Deposit Insurance Corp. took over Washington Mutual Inc. and sold its assets to J.P. Morgan Chase & Co. for
$1.9 billion. However, trading picked up on President Bush's
announcement that a bailout is indeed needed and would happen. -
Maria Woehr
Troubled Wall Street
Prices at 10:30 am EDT |
| Name |
Price at
open |
Price
at 10:30am |
Change |
Mkt cap |
| J.P. Morgan Chase & Co. |
40.55 |
43.59 |
0.16 |
149.89B |
| Lehman Brothers Inc. |
0.26 |
0.3 |
0.014 |
206.70M |
| Merrill Lynch & Co. |
25.30 |
26.01 |
-0.10 |
39.77B |
| Goldman Sachs Group Inc. |
132.49 |
133.19 |
-2.34 |
52.42B |
| Morgan Stanley |
23.73 |
26.48 |
-0.50 |
29.40B |
| Citigroup Inc. |
18.35 |
18.60 |
-0.80 |
101.28B |
| Fannie Mae |
1.54 |
1.89 |
-0.09 |
1.99B |
| Freddie Mac |
1.58 |
1.94 |
0.08 |
1.25B |
| Bank of America Corp. |
33.76 |
35.32 |
0.98 |
161.06B |
| Wachovia Corp. |
10.10 |
11.02 |
-2.68 |
23.75B |
| Washington Mutual Inc. |
0.18 |
0.16 |
-1.52 |
279.68M |
| Wells Fargo & Co. |
33.27 |
34.66 |
0.55 |
114.59B |
| American International Group Inc. |
3.22 |
2.77 |
0.04 |
8.67B |
Source: The Deal |
Continue reading below
