Banking, finance, and taxes
Banks Tank, Yet Most Still Above 52-Week Lows (BAC, C, GS, JPM, MS, NTRS, USB, WFC)
Published:
This is obviously one of our ugliest mornings in years with futures trading limit down. What is interesting is that the financial stocks are the most leveraged to this, yet oddly enough most stocks are still above their prior 52-week lows that were put in on other forced selling and panic selling days. These are just the stronger banks and financial firms that are deemed "in the club"of those which have been picked to survive.
- Bank of America (NYSE: BAC) -8.7% at $20.99, 52-week low is $18.44.
- Citigroup (NYSE: C) -9.5% at $11.88, prior 52-week low was $12.00.
- Goldman Sachs Group (NYSE: GS) -11.9% at $95.65, 52-week low is $74.00.
- JPMorgan (NYSE: JPM) -6.7% at $35.30, 52-week low is $29.24.
- Morgan Stanley (NYSE: MS) -14% at $15.50, 52-week low is $6.71.
- Northern Trust (NASDAQ: NTRS) is down 6% at $47.50, its 52-week low is $46.89.
- US Bancorp (NYSE: USB) is down almost 7% at $26.70, 52-week low is $20.57.
- Wells Fargo & Company (NYSE: WFC) -7.25% at $29.05, 52-week low is $20.46.
Jon C. Ogg
October 24, 2008
Get Ready To Retire (Sponsored)
Start by taking a quick retirement quiz from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes, or less.
Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests.
Here’s how it works:
1. Answer SmartAsset advisor match quiz
2. Review your pre-screened matches at your leisure. Check out the advisors’ profiles.
3. Speak with advisors at no cost to you. Have an introductory call on the phone or introduction in person and choose whom to work with in the future
Get started right here.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
