Stocks are up Friday morning after Thursday's free fall. The Dow is up 56.94 points at 7,609.23, the S&P 500 is up 8.19 points at 760.63, and the Nasdaq is up 15.20 points at 1,331.32. Financial stocks were generally positive.
Continue reading below
Two financial stocks that seem to be taking a beating are Citigroup Inc. and J.P. Morgan Chase & Co. Citigroup is down on various reports including that it is
weighing a merger or asset sale due to its plummeting stock price. According to CNBC, CEO Vikrum Pandit said it is not looking to spin off
Smith Barney. Meanwhile, J.P. Morgan is down on reports that it is
cutting 10% or 3,000 jobs in its investment banking division and is also rumored to be one of the bidders for
Chevy Chase Bank.
- Maria Woehr
Troubled Wall Street
Prices at 10:00am EST |
| Name |
Price at
open |
Price
at 10:00am |
Change |
Mkt cap |
| J.P. Morgan Chase & Co. |
23.68 |
21.66 |
-1.72 |
80.84B |
| Merrill Lynch & Co. |
8.68 |
8.16 |
0.20 |
13.05B |
| Goldman Sachs Group Inc. |
54.54 |
52.19 |
0.19 |
20.63B |
| Morgan Stanley |
9.7 |
9.60 |
0.40 |
10.19B |
| Citigroup Inc. |
5.44 |
4.54 |
-0.17 |
24.74B |
| Fannie Mae |
0.4 |
0.38 |
0.05 |
408.96M |
| Freddie Mac |
0.57 |
0.51 |
0.02 |
330.05M |
| Bank of America Corp. |
12.02 |
11.37 |
0.12 |
57.04B |
| Wachovia Corp. |
4.3 |
4.19 |
0.09 |
9.05B |
| Wells Fargo & Co. |
22.92 |
22.16 |
-0.37 |
73.68B |
| American International Group Inc. |
1.7 |
1.63 |
0.19 |
4.38B |
| Sovereign Bancorp Inc. |
1.85 |
1.92 |
0.29 |
1.27B |
| National City Corp. |
1.68 |
1.63 |
0.04 |
3.31B |
| Fifth Third Bancorp |
8.09 |
7.70 |
-0.01 |
4.44B |
| Capital One Financial Corp. |
26.13 |
25.38 |
0.19 |
9.94B |
| SunTrust Banks Inc. |
25.42 |
24.63 |
0.02 |
8.72B |
| U.S. Bancorp |
22.51 |
22.88 |
0.76 |
40.14B |
| Regions Financial Corp. |
8 |
7.67 |
0.01 |
5.30B |
| KeyCorp |
7.03 |
6.94 |
0.03 |
3.43B |
| PNC Financial Services |
45.75 |
43.44 |
-1.33 |
15.12B |
| BB&T Corp. |
23.8 |
22.73 |
-0.33 |
12.55B |
| Bank of New York Mellon Corp. |
25.32 |
24.64 |
0.28 |
28.27B |
| State Street Corp. |
29.66 |
29.49 |
0.80 |
12.73B |
Source: The Deal |
