The markets fell Monday. The Dow was down 81.80 points at 8,952.89, the
S&P 500 decreased 4.35 points to 927.45, and the
Nasdaq was down 4.18 points at 1,628.03. Financial stocks were mostly down, with J.P. Morgan Chase & Co. and SunTrust Banks Inc. hurting the most.
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Financial institutions suffered due to 2009 estimate cuts by Deutsche Bank AG analyst Mike Mayo on banks including J.P. Morgan Chase & Co, Wells Fargo & Co., Bank of America Corp.,
SunTrust Banks Inc. and Citigroup Inc. U.S. Bancorp was down on news that
it will release its fourth-quarter 2008 earnings
before the market opens on Jan. 21. Mayo
lowered U.S. Bancorp estimates by 50 cents to $1.55 and lowered 2010 EPS estimates by 30
cents to $2.00. Meanwhile Goldman Sachs Group Inc.
enjoyed a rally. -
Maria Woehr
Troubled Wall Street
Prices at approximately 4:00 pm EST |
| Name |
Price at
open |
Price
at 4:00 pm |
Change |
Mkt cap |
| J.P. Morgan Chase & Co. |
30.73 |
29.25 |
-2.10 |
109171.46 |
| Goldman Sachs Group Inc. |
85.81 |
88.78 |
2.02 |
35107.32 |
| Morgan Stanley |
16.8 |
17.62 |
0.63 |
18712.14 |
| Citigroup Inc. |
7.12 |
7.08 |
-0.06 |
38582.74 |
| Fannie Mae |
0.74 |
0.82 |
0.09 |
882.49 |
| Freddie Mac |
0.73 |
0.82 |
0.09 |
530.67 |
| Bank of America Corp. |
14.38 |
13.98 |
-0.35 |
70145.76 |
| Wells Fargo & Co. |
29.74 |
28.06 |
-1.94 |
93306.35 |
| American International Group Inc. |
1.7 |
1.66 |
-0.03 |
4465.30 |
| Sovereign Bancorp Inc. |
3.03 |
3.04 |
-0.05 |
2018.38 |
| Fifth Third Bancorp |
8.37 |
8.40 |
-0.19 |
4850.47 |
| Capital One Financial Corp. |
32.39 |
33.04 |
-0.27 |
12940.39 |
| SunTrust Banks Inc. |
29.47 |
27.88 |
-2.04 |
9872.57 |
| U.S. Bancorp |
25.07 |
24.01 |
-1.24 |
42127.42 |
| Regions Financial Corp. |
8.48 |
8.72 |
0.11 |
6033.86 |
| KeyCorp |
8.64 |
8.48 |
-0.39 |
4197.67 |
| PNC Financial Services |
48.1 |
48.10 |
-0.49 |
16745.61 |
| BB&T Corp. |
26.5 |
25.88 |
-0.85 |
14298.37 |
| Bank of New York Mellon Corp. |
27.72 |
27.73 |
-0.79 |
31822.02 |
| State Street Corp. |
40.99 |
41.53 |
0.43 |
17939.01 |
Source: The Deal |
