Banks ended Tuesday mostly in the positive as the markets rallied. The Dow ended up 270.00 at 8,419.09, the S&P 500 climbed 32.60 points to 848.81, and the Nasdaq grabbed 51.73 points, ending the day at 1,449.80.
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J.P. Morgan Chase & Co. gained even though
Highbridge Capital Management's investors are planning to withdraw 36% of the assets from its flagship fund.
Citigroup Inc. was up as it announced it would raise $5.5 billion through a debt offering under the Federal Deposit Insurance Corp.'s temporary guarantee program.
Bank of America Corp. was in the green since its shareholders and Merrill Lynch & Co. shareholders will vote on Friday morning for the merger. Goldman Sachs Group Inc. was in the red on reports that it may have lost
$2 billion this quarter. PNC Financial Service Group Inc.'s shares sunk after
Ladenburg Thalmann analyst, Richard Bove slashed his price target on its shares.
- Maria Woehr
Troubled Wall Street
Prices at 4:30 pm EST |
| Name |
Price at
open |
Price
at 4:30 pm |
Change |
Mkt cap |
| J.P. Morgan Chase & Co. |
26.54 |
28.53 |
2.41 |
106.48B |
| Merrill Lynch & Co. |
10.63 |
11.56 |
1.43 |
18.49B |
| Goldman Sachs Group Inc. |
63.65 |
65.00 |
-0.76 |
25.70B |
| Morgan Stanley |
11.51 |
12.04 |
0.69 |
12.78B |
| Citigroup Inc. |
6.92 |
7.22 |
0.77 |
39.34B |
| Fannie Mae |
0.92 |
0.82 |
-0.02 |
882.49M |
| Freddie Mac |
0.9398 |
0.77 |
-0.14 |
498.31M |
| Bank of America Corp. |
13.46 |
14.37 |
1.52 |
72.10B |
| Wachovia Corp. |
4.61 |
4.99 |
0.69 |
10.78B |
| Wells Fargo & Co. |
24.17 |
25.89 |
2.48 |
86.09B |
| American International Group Inc. |
1.79 |
1.87 |
0.22 |
5.03B |
| Sovereign Bancorp Inc. |
2.31 |
2.40 |
0.29 |
1.59B |
| National City Corp. |
1.7 |
1.69 |
0.09 |
3.44B |
| Fifth Third Bancorp |
8.27 |
8.55 |
0.45 |
4.93B |
| Capital One Financial Corp. |
27.2 |
29.29 |
2.16 |
11.47B |
| SunTrust Banks Inc. |
26.01 |
27.16 |
1.99 |
9.61B |
| U.S. Bancorp |
24.42 |
25.77 |
2.06 |
45.21B |
| Regions Financial Corp. |
8.85 |
9.25 |
0.78 |
6.40B |
| KeyCorp |
8.3 |
7.95 |
0.70 |
3.93B |
| PNC Financial Services |
44.38 |
43.26 |
-1.01 |
15060.60 |
| BB&T Corp. |
26.22 |
27.18 |
2.15 |
15.01B |
| Bank of New York Mellon Corp. |
25.82 |
27.14 |
1.29 |
31.14B |
| State Street Corp. |
35.88 |
36.93 |
1.50 |
15.95B |
Source: The Deal |
