The Deal
Wednesday, November 25, 
5:03 pm

Bank Watch: Analyst predicts more losses for J.P. Morgan

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The market slumped Monday. The Dow ended down 65.15 at 8,564.53, the S&P 500 fell 11.16 to 868.57, and the Nasdaq slipped 32.38 points to 1,508.34. Financial stocks sunk as investors wait in for Goldman Sachs Group Inc.'s and Morgan Stanley's quarterly results Wednesday, and more Madoff casualties are being announced.

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J.P. Morgan Chase & Co.'s stock got hammered after a Merrill Lynch & Co. analyst forecast a fourth-quarter loss for the bank. Bank of America Corp. shares fell after the bank said it was not going to drop its stake in China Construction Bank. Merrill Lynch & Co. was down, and it was announced that the bank will be delisted from the Tokyo Stock Exchange on Dec. 25. - Maria Woehr

Troubled Wall Street
Prices at 4:00 pm EST
Name Price at
open
Price
at 4:00 pm
Change Mkt cap
J.P. Morgan Chase & Co. 29.34 28.65 -2.29 106932.04
Merrill Lynch & Co. 12.76 12.00 -0.66 19196.78
Goldman Sachs Group Inc. 67.12 66.36 -1.38 26241.52
Morgan Stanley 14.05 13.58 -0.27 14421.73
Citigroup Inc. 7.74 7.38 -0.32 40217.61
Fannie Mae 0.75 0.72 0.02 774.87
Freddie Mac 0.75 0.71 -0.03 459.48
Bank of America Corp. 15.05 14.13 -0.80 70898.40
Wachovia Corp. 5.27 5.11 -0.18 11042.29
Wells Fargo & Co. 26.98 26.02 -0.70 86522.85
American International Group Inc. 1.84 1.73 -0.07 4653.59
Sovereign Bancorp Inc. 2.68 2.66 -0.10 1766.09
National City Corp. 1.85 1.75 -0.11 3563.12
Fifth Third Bancorp 7.75 7.30 -0.52 4215.29
Capital One Financial Corp. 27.82 26.00 -2.12 10183.11
SunTrust Banks Inc. 28.27 26.79 -0.71 9486.59
U.S. Bancorp 25.8 23.89 -1.95 41916.87
Regions Financial Corp. 8.87 8.24 -0.52 5701.72
KeyCorp 8.01 7.71 -0.29 3816.51
PNC Financial Services 49.26 45.64 -3.52 15889.18
BB&T Corp. 27.11 26.46 -0.59 14618.82
Bank of New York Mellon Corp. 26.06 26.26 0.25 30135.10
State Street Corp. 37.67 35.16 -2.08 15187.47
Source: The Deal




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