October was a nightmare for Wall Street and will go down in history as one of its
worst months, but stocks are slowly recovering. They are mixed Friday as
reports indicated consumer sentiment was at an all-time low and personal spending is down. The Dow is up 106.01 points at 9,286.70, the
S&P 500 increased 9.93 points at 964.02, and the Nasdaq scooted up 14.26 points to 1,712.78.
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The financial markets are also mixed. J.P. Morgan Chase & Co. is up after the bank filed court documents with the Federal Deposit Insurance Corp. challenging bankrupt Washington Mutual Inc. on a claim of tax benefits stemming from its collapse. The bankrupt institution, which was recently acquired by J.P. Morgan, wants to limit trading its common stock to protect a "consolidated net operating tax loss carryforwards" in excess of $20 billion, which would apply to a
tax rebate.
Meanwhile, Goldman, Sach & Co. is still down due to uncertainty revolving around the institution's future even though it recently announced
new partners.
- Maria Woehr
Troubled Wall Street
Prices at 11:00am EST |
| Name |
Price at
open |
Price
at 11:00am |
Change |
Mkt cap |
| J.P. Morgan Chase & Co. |
37.29 |
39.61 |
1.99 |
147.62B |
| Merrill Lynch & Co. |
17.75 |
18.23 |
0.45 |
29.16B |
| Goldman Sachs Group Inc. |
88.98 |
88.25 |
-2.86 |
34.89B |
| Morgan Stanley |
15.85 |
16.69 |
0.60 |
17.72B |
| Citigroup Inc. |
12.93 |
13.41 |
0.30 |
73.07B |
| Fannie Mae |
0.95 |
0.89 |
-0.10 |
955.45M |
| Freddie Mac |
1.06 |
1.04 |
-0.08 |
672.90M |
| Bank of America Corp. |
22.35 |
23.00 |
0.22 |
115.39B |
| Wachovia Corp. |
5.82 |
6.18 |
0.27 |
13.21B |
| Wells Fargo & Co. |
31.6 |
33.29 |
1.45 |
110.56B |
| American International Group Inc. |
1.63 |
1.69 |
0.06 |
4.54B |
| Sovereign Bancorp Inc. |
2.8 |
2.80 |
0.04 |
1.85B |
| National City Corp. |
2.35 |
2.39 |
-0.01 |
4.86B |
| Fifth Third Bancorp |
10.2 |
10.61 |
0.45 |
6.12B |
| Capital One Financial Corp. |
37.07 |
38.63 |
0.51 |
15.02B |
| SunTrust Banks Inc. |
38.19 |
39.32 |
1.42 |
13.91B |
| U.S. Bancorp |
28.6 |
29.09 |
0.29 |
51.02B |
| Regions Financial Corp. |
10.7 |
11.13 |
0.28 |
7.70B |
| KeyCorp |
12.36 |
12.55 |
0.25 |
6.20B |
| PNC Financial Services |
64.21 |
64.99 |
0.52 |
22.61B |
| BB&T Corp. |
34 |
34.71 |
0.37 |
19.07B |
| Bank of New York Mellon Corp. |
31.92 |
31.88 |
0.36 |
36.58B |
| State Street Corp. |
42.54 |
43.31 |
0.87 |
18.69B |
Source: The Deal |
