Financial Stocks Continue Sliding: BofA Down 13%, Citi Down 20% (BAC, C, GS, MS, more)
More News related to BAC
- Bank of America (BAC) to Pay $713 Million in TARP Preferred Dividends
- Bank of America to Pay $713 Million in TARP Preferred Dividends
- Active equity option families in first 30 minutes of trading according to Track Data are: C MSFT RIMM BAC
- Bank of America Announces Limited Acceptance of California State-Issued Registered Warrants for Customers and Clients
- Banc of America Securities-Merrill Lynch Research Hires Rachel McMinn, Masha Chapman and Sarah Stinson as U.S. Biotechnology Team
More News related to BK
- The Bank of New York Mellon's Matthew Biben Named Global Litigation Counsel of the Year
- CurrencyShares(SM) Exchange Traded Products Declare Monthly Distributions
- Bank of New York Mellon (BK) Awarded License To Set Up Banking Branches in Australia
- The Bank of New York Mellon Awarded Banking License in Australia
- BNY Mellon Asset Servicing Selected to Provide Custody For Cullen Funds Trust and Schafer Cullen Capital Management
More News related to C
- Citi (C) And GE (GE) Couldn't Agree Over Price In An Effort To Sell Its Credit Card Business
- Active equity option families in first 30 minutes of trading according to Track Data are: C MSFT RIMM BAC
- Lear Reaches Agreement In Principle On Consensual Debt Restructuring
- Citi (C) Raising Credit Card Rates On Millions
- Active equity option families in first 30 minutes of trading according to Track Data are: ELN INTC C F.
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
Related Categories
Corporate NewsInsiders' Blog
Stocks Mentioned
+14.35
-117.50Related Entities
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
