The Deal
Tuesday, November 24, 
12:39 pm

Bank Watch: Stocks perk up

  Share     E-Mail    Discussion    Print Story
Published October 3, 2008 at 9:49 AM
Stocks perked up at the open Friday morning as investors remain focused on the House revote on the bailout bill. Citigroup Inc. took a hit Friday morning as Wachovia Corp. was snagged by Well Fargo & Co. for $15.1 billion. Citigroup had agreed to acquire the bank with government backing. - Maria Woehr


Troubled Wall Street
Prices at 10:00 am EDT
Name Price at
open		 Price
at 10:00am		 Change Mkt cap
J.P. Morgan Chase & Co. 50.25 49.88 -0.06 170.58B
Merrill Lynch & Co. 28.00 28.88 1.52 44.14B
Goldman Sachs Group Inc. 132.87 135.41 3.94 52.92B
Morgan Stanley 24.41 24.51 1.34 27.30B
Citigroup Inc. 22.50 19.88 -2.60 110.49B
Fannie Mae 1.70 1.61 0.05 1.73B
Freddie Mac 1.84 1.78 -0.03 1.16B
Bank of America Corp. 37.45 37.90 1.52 173.88B
Wachovia Corp. 6.93 6.91 2.99 20.08B
Wells Fargo & Co. 38.00 38.23 3.08 125.41B
American International Group Inc. 4.56 4.41 0.39 11.83B
Source: The Deal

Continue reading below

Also on Dealscape



Tags

Categories



Post a comment





The Deal Pipeline

Deal Video


Inside The Deal: Morgan Stanley's Rosenthal on the nitty gritty details of the Smith Barney integration.

More video...

Crisis On Wall Street
Technology
Deals of The Decade

Community

Industry Insight

Loan-to-buy

By Steven Miller, Standard & Poor's

Paulson's proposal to purchase an equity stake in Yellow Pages publisher Idearc is the second time in recent months an investor group has used its prepetition debt position to execute a bargain price 'exit LBO.'


Industry Insight

Managing your shareholder base

By Bradford P. Weirick and Joelle Khoury, Gibson Dunn

Growth companies and their PE sponsors should be wary of the pitfalls that arise when they layer on tiers of preferred stock.


Industry Insight

Easing the stress of distressed M&A

By Derek Watson, KPMG

Corporate buyers face numerous complexities when trying to identify the right moment to purchase a distressed asset.


footspacer.jpg footspacer.jpg footspacer.jpg footspacer.jpg footspacer.jpg


©Copyright 2009, The Deal, LLC. All rights reserved. Please send all technical questions, comments or concerns to the Webmaster.