Stocks got off to a slow start Monday. The Dow sunk 125.21 points to 8,473.97, the S&P 500 slipped 20.09 points to 870.26, and the Nasdaq fell 32.80 points to 1,538.79. Financial stocks ended the day in the negative.
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Bank of America Corp.'s shares are down. Charlie Gasparino
wrote a blog for The Daily Beast, and apparently the integration of Merrill Lynch with BofA isn't going peachy keen after all. American International Group Inc. received first-round bids for its aircraft leasing unit and could announce a sale of assets of less than $1 billion this week,
according to CNBC. State Street Corp. shares slumped after Credit Suisse Group analyst Howard Chen
reduced his 2009 earnings-per-share estimate to $4.80 from $5. Citigroup Inc.'s shares are down on reports that the bank may explore further asset sales after divesting its Smith
Barney retail brokerage unit to Morgan Stanley. The report by Reuters says Citi
is likely to have a tough time finding buyers.
- 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. |
24.75 |
24.94 |
-1.03 |
93085.00 |
| Goldman Sachs Group Inc. |
83.36 |
77.67 |
-6.25 |
30713.97 |
| Morgan Stanley |
20.08 |
18.79 |
-0.27 |
19678.99 |
| Citigroup Inc. |
6.54 |
5.60 |
-1.15 |
30517.42 |
| Fannie Mae |
0.7602 |
0.71 |
-0.03 |
764.11 |
| Freddie Mac |
0.79 |
0.71 |
-0.05 |
459.48 |
| Bank of America Corp. |
12.86 |
11.43 |
-1.56 |
57350.93 |
| Wells Fargo & Co. |
25.19 |
23.80 |
-1.34 |
79140.81 |
| American International Group Inc. |
1.64 |
1.54 |
-0.08 |
4142.50 |
| Sovereign Bancorp Inc. |
2.89 |
2.77 |
-0.11 |
1839.12 |
| Fifth Third Bancorp |
7.44 |
6.87 |
-0.62 |
3966.99 |
| Capital One Financial Corp. |
29.15 |
27.14 |
-2.19 |
10629.60 |
| SunTrust Banks Inc. |
25.24 |
23.67 |
-1.89 |
8381.77 |
| U.S. Bancorp |
22.6 |
21.68 |
-0.67 |
38039.25 |
| Regions Financial Corp. |
7.21 |
7.02 |
-0.15 |
4857.53 |
| KeyCorp |
7.58 |
6.97 |
-0.61 |
3450.20 |
| PNC Financial Services |
47.38 |
45.99 |
-1.36 |
16011.03 |
| BB&T Corp. |
22.99 |
22.17 |
-0.87 |
12248.65 |
| Bank of New York Mellon Corp. |
25.43 |
25.05 |
-0.54 |
28746.54 |
| State Street Corp. |
41.5 |
39.00 |
-2.56 |
16846.17 |
Source: The Deal |
Comments
Well it looks like AIG has sold another subsidiary, although it will have to do a whole lot more...