Financial Stocks Continue Sliding: BofA Down 13%, Citi Down 20% (BAC, C, GS, MS, more)
More News related to BAC
- Option volume leaders today according to Track Data are: C EBAY AAPL BAC.
- BofA's Ken Lewis Sees Crisis 'Abating', But Says Banking Has 'Some Way to Go' to Recover
- Copano Energy to Present at the Bank of America/Merrill Lynch 2009 Energy Conference
- Bank of America Extends Nearly $184 Billion in Credit in Third Quarter
- Carriage Services Amends and Extends Credit Facility
More News related to BK
- BNY Mellon Capital Markets Tops $100 Million Mark in Brokered Certificates of Deposit Placements
- BNY Mellon Shareowner Services Appointed Depositary for Tender Offer for GenTek Inc.
- Servicios Corporativos Javer, S.A.P.I. de C.V. Announces That a Majority of Consents Have Been Received From Holders of Its 13.0% Senior Notes Due 2014
- Long-Term Investors Need Short-Term Liquidity, According to BNY Mellon Asset Management
- BNY Mellon's Pershing Unit Releases New Independent Study Focusing on the Evolving Competitive Landscape for Hedge Funds
More News related to C
- Option volume leaders today according to Track Data are: C EBAY AAPL BAC.
- Citigroup Vice Chairman Ned Kelly to Present at the Bank of America Merrill Lynch 2009 Banking and Financial Services Conference
- A.M. Best Places Ratings of Primerica Life Insurance Company and Its Subsidiaries Under Review with Negative Implications
- Citi Releases Preliminary Results of Quarterly Foreclosure Prevention Activities in Missouri
- Rebound Continues in Third Quarter for Plans in U.S. Master Trust Universe, According to BNY Mellon Asset Servicing
More News related to Corporate News
- Kinross Gold (KGC) Receives Authorization to Re-Commence Exploration on Project in Ecuador
- Sanofi-aventis (SNY) and Regeneron Pharmaceuticals (REGN) to Expand Global Collaboration
- Stryker (SYK) Announces Two Acquisitions
- Adobe (ADBE) Cutting 680 Full-Time Jobs to Align Costs with '10 Operating Plan
- Teva Pharma (TEVA) Gets Final U.S. FDA Approval for Generic Prevacid
Financial stocks are plummeting today as the broader markets are once again beginning to show signs of weakness. Since November 20, when the Dow hit a multi-year low under 8,000, the index has risen as much as 20% from the lows, but has not been able to break through the 9,000 level. Now well off this level, today's slide may be an indication that investors are getting nervous about the financial outlook of the US. Traders may also be feeling squeamish today as President-elect Obama has asked President Bush to request the remainder of the TARP funds on his behalf as the need for the money is "imminent and urgent."
Around the financial sector:
- Bank of America (NYSE: BAC) down 12.7% to $11.34
- Citigroup (NYSE: C) down 19.5% to $5.45
- Goldman Sachs (NYSE: GS) down 8.6% to $76.78
- Morgan Stanley (NYSE: MS) down 4.4% to $18.22
- JPMorgan (NYSE: JPM) down 5% to $24.66
- Wells-Fargo (NYSE: WFC) down 5.8% to $23.68
- Bank of New York Mellon (NYSE: BK) down 3.2% to $24.77
- State Street (NYSE: STT) down 6.4% to $38.90
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