Markets slid Wednesday morning. The Dow was down 73.68 points at 8,405.79, the S&P 500 was down 8.21 points at 849.18, and the Nasdaq fell 4.13 points to 1,468.86. Most bank stocks
slid on reports that banks will take $44 billion in write-downs in the fourth quarter.
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Citigroup Inc. is up 3% after an investment by Mexican billionaire
Carlos Slim. Many other bank's stocks were down including Bank of America Corp. which announced that there will be
layoffs at its credit card division because of organizational changes.
- 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. |
28.76 |
28.60 |
-1.17 |
106.74B |
| Merrill Lynch & Co. |
11.05 |
10.73 |
-0.63 |
17.16B |
| Goldman Sachs Group Inc. |
69.63 |
70.75 |
-1.03 |
27.97B |
| Morgan Stanley |
13.75 |
13.91 |
-0.36 |
14.77B |
| Citigroup Inc. |
6.17 |
6.47 |
0.39 |
35.25B |
| Fannie Mae |
0.59 |
0.65 |
0.18 |
699.53M |
| Freddie Mac |
0.65 |
0.72 |
0.19 |
465.95M |
| Bank of America Corp. |
14.31 |
14.09 |
-0.71 |
70.69B |
| Wachovia Corp. |
5.05 |
5.02 |
-0.21 |
10.84B |
| Wells Fargo & Co. |
26.37 |
26.39 |
-0.56 |
87.75B |
| American International Group Inc. |
1.73 |
1.76 |
-0.01 |
4.73B |
| Sovereign Bancorp Inc. |
2.19 |
2.21 |
-0.10 |
1.46B |
| National City Corp. |
1.92 |
1.88 |
-0.11 |
3.82B |
| Fifth Third Bancorp |
8.72 |
8.92 |
-0.21 |
5.15B |
| Capital One Financial Corp. |
32.66 |
32.81 |
-0.89 |
12.85B |
| SunTrust Banks Inc. |
28.23 |
28.12 |
-0.97 |
9.95B |
| U.S. Bancorp |
24.53 |
24.95 |
-0.28 |
43.77B |
| Regions Financial Corp. |
9.11 |
9.09 |
-0.32 |
6.28B |
| KeyCorp |
8.33 |
8.38 |
-0.30 |
4.14B |
| PNC Financial Services |
50.63 |
49.69 |
-2.48 |
17.29B |
| BB&T Corp. |
27.51 |
27.92 |
-0.41 |
15.42B |
| Bank of New York Mellon Corp. |
28.86 |
29.14 |
-0.61 |
33.44B |
| State Street Corp. |
35.26 |
37.15 |
-0.60 |
16.04B |
Source: The Deal |
