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Saturday, November 21, 
7:15 pm

Bank Watch: CIC loses $4B in Morgan Stanley investment

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Financial stocks finished strong on Tuesday. The Dow increased 62.21 points to 9,015.10, the S&P 500 gained 7.25 points to 934.70, and the Nasdaq climbed 24.35 points to 1,652.38.

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Bank of America Corp.'s stock was up even after Merrill Lynch & Co. brokerage head Bob McCann announced he would leave the company after its acquisition by Bank of America. Morgan Stanley tacked on another 11% today, and have posted a gain of 22% so far in 2009, despite China Investment Corp. suffering a loss of $ 4 billion from its capital injection into the bank. American International Group Inc. was in the green after former CEO Maurice "Hank" Greenberg said the company was selling HSB Group at a "distressed" price. - George White

 

Troubled Wall Street
Prices at approximately 4:30 pm EST
Name Price at
open
Price
at 4:30 pm
Change Mkt cap
J.P. Morgan Chase & Co. 29.79 29.88 0.63 111522.84
Goldman Sachs Group Inc. 90.05 88.71 -0.07 35079.64
Morgan Stanley 18.07 19.58 1.96 20793.63
Citigroup Inc. 7.29 7.46 0.38 40653.57
Fannie Mae 0.85 0.85 0.03 914.78
Freddie Mac 0.86 0.86 0.04 556.56
Bank of America Corp. 14.27 14.28 0.30 71651.03
Wells Fargo & Co. 28.67 27.54 -0.52 91577.23
American International Group Inc. 1.7 1.74 0.08 4680.49
Sovereign Bancorp Inc. 3.07 3.10 0.06 2058.22
Fifth Third Bancorp 8.54 8.45 0.05 4879.34
Capital One Financial Corp. 34 34.14 1.10 13371.21
SunTrust Banks Inc. 28.15 28.30 0.42 10021.29
U.S. Bancorp 24.34 23.75 -0.26 41671.23
Regions Financial Corp. 8.86 8.83 0.11 6109.97
KeyCorp 8.6 8.69 0.21 4301.62
PNC Financial Services 48.5 48.64 0.54 16933.61
BB&T Corp. 26.44 25.68 -0.20 14187.88
Bank of New York Mellon Corp. 28.05 27.69 -0.04 31776.12
State Street Corp. 42.72 44.27 2.74 19122.56
Source: The Deal




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