Banking, finance, and taxes
Big Financials Hit 52-Week Lows (TMA)(MER)(FRE)(JPM)(C)(BAC)(WM)
Published:
A number of the large financial stocks took news of a write-down at UBS (NYSE: UBS), debt problems at Merrill Lynch (NYSE: MER), and downgrades of Thornburg (NYSE: TMA) hard.
Hitting 52-week lows early in the day were Merrill Lynch at $46.41, Fannie Mae (NYSE: FNM) at $22.45, Thornburg at $1.26, JP Morgan (NYSE: JPM) at $37.51, and Freddie Mac (NYSE: FRE) at $20.27.
Shares in Citigroup (NYSE:C), Bank of America (NYSE: BAC), and Washington Mutual (NYSE: WM) also traded off sharply.
Douglas A. McIntyre
Take This Retirement Quiz To Get Matched With An Advisor Now (Sponsored)
Are you ready for retirement? Planning for retirement can be overwhelming, that’s why it could be a good idea to speak to a fiduciary financial advisor about your goals today.
Start by taking this retirement quiz right here from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes. Smart Asset is now matching over 50,000 people a month.
Click here now to get started.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
