Not a great day for the stock market. The Dow is down 54.64 points at 7,942.64, the S&P 500 fell 9.76 points at 796.82, but at least the Nasdaq is up 1.15 points at 1,387.57. Financial stocks are a mess though.
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Citigroup Inc. stock is plummeting even as Saudi Prince Alwaleed Bin Talal Alsaud raised his stake in the company to 5%. Meanwhile,
J.P. Morgan Chase & Co.'s shares plunged after the firm announced plans to cut about 10% of its investment banking staff. Meanwhile
Morgan Stanley is up on hiring reports. Its global wealth management group
added 53 financial advisers.
- Maria Woehr
Troubled Wall Street
Prices at 11:00am EST |
| Name |
Price at
open |
Price
at close |
Change |
Mkt cap |
| J.P. Morgan Chase & Co. |
27.74 |
25.30 |
-3.17 |
94.42B |
| Merrill Lynch & Co. |
9.59 |
9.08 |
-0.52 |
14.52B |
| Goldman Sachs Group Inc. |
54 |
53.20 |
-1.98 |
21.03B |
| Morgan Stanley |
9.99 |
10.58 |
0.33 |
11.23B |
| Citigroup Inc. |
6.13 |
5.31 |
-1.09 |
28.93B |
| Fannie Mae |
0.39 |
0.35 |
-0.03 |
381.95M |
| Freddie Mac |
0.53 |
0.51 |
-0.05 |
330.05M |
| Bank of America Corp. |
12.81 |
12.34 |
-0.72 |
61.91B |
| Wachovia Corp. |
4.49 |
4.44 |
-0.13 |
9.59B |
| Wells Fargo & Co. |
23.86 |
23.47 |
-0.93 |
78.04B |
| American International Group Inc. |
1.58 |
1.66 |
0.10 |
4.46B |
| Sovereign Bancorp Inc. |
1.9 |
1.85 |
-0.07 |
1.22B |
| National City Corp. |
1.78 |
1.74 |
-0.04 |
3.54B |
| Fifth Third Bancorp |
8.45 |
7.89 |
-0.52 |
4.55B |
| Capital One Financial Corp. |
25.66 |
26.66 |
0.16 |
10.44B |
| SunTrust Banks Inc. |
27.7 |
27.68 |
-0.61 |
9.80B |
| U.S. Bancorp |
23.11 |
22.84 |
-0.78 |
40.07B |
| Regions Financial Corp. |
8.61 |
8.23 |
-0.49 |
5.69B |
| KeyCorp |
7.53 |
7.29 |
-0.41 |
3.60B |
| PNC Financial Services |
49.48 |
47.73 |
-2.10 |
16.61B |
| BB&T Corp. |
23 |
23.72 |
0.15 |
13.10B |
| Bank of New York Mellon Corp. |
24.69 |
25.41 |
0.02 |
29.15B |
| State Street Corp. |
29.59 |
31.25 |
0.92 |
13.49B |
Source: The Deal |
