The Deal
Saturday, July 4, 
2:34 pm

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

  Share     E-Mail    Discussion    Print Story
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.

Continue reading below

Also on Dealscape

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




Post a comment





The Deal Pipeline

Deal Video


Inside The Deal: SecondMarket's Silbert on helping VCs achieve pre-IPO liquidity for their investments.


More video...

Crisis On Wall Street
Technology
Deals of The Decade

Community

Industry Insight

Potential FBAR filing changes

Offshore hedge funds and private equity funds may be 'financial accounts' for which investors must file FBAR.


Industry Insight

Finger on the pulse

Things PE investors should keep in mind to maintain the support and commitment from their lenders and limited partners.


Industry Insight

Closing the tough deal

Terms and structures now used to get deals done are post-closing purchase price payments, earnouts, simultaneous acquisitions, rollups, payments in kind and joint ventures.


footspacer.jpg footspacer.jpg footspacer.jpg footspacer.jpg footspacer.jpg


©Copyright 2009, The Deal, LLC. All rights reserved. Please send all technical questions, comments or concerns to the Webmaster.