JPMorgan (JPM) Shares Open 9% Lower; Most US Banks Down Sharply, Wells Fargo (WFC) Higher (MS) (GS) (C) (BAC)
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Shares of JPMorgan (NYSE: JPM) have opened about 9 percent lower Friday morning following Thursday evening's surprise conference call and news of material mark-to-market losses. Notably, JPMorgan shares were down about 5-6 percent last night just after the news began making the rounds.
Elsewhere in the sector:
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Elsewhere in the sector:
- Morgan Stanley (NYSE: MS) down 4.6 percent
- Goldman Sachs (NYSE: GS) down 3.7 percent
- Citi (NYSE: C) down 3.2 percent
- BofA (NYSE: BAC) down 2.3 percent
- Wells Fargo (NYSE: WFC) up 0.9 percent
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