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Opening Glance: Diversified financial shares open mixed



09 May 2008 @ 10:39 am EST

NEW YORK (AP) - Shares of diversified financial services were mixed Friday morning, as some investors looked past a wider-than-expected quarterly loss at insurer American International Group Inc. and soaring energy prices.

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Quotes
AIG 39.34 -0.23
CIT 12.22 0.12
JPM 46.53 -0.49
C 23.12 -0.61
BAC 36.17 -0.54

SYMBOL LOOKUP

Diversified financial stocks had dropped ahead of AIG's quarterly release on Thursday.

Also Friday, Citigroup said Friday it plans to shed about $500 billion in assets and increase revenue by 9 percent over the next few years as part of its rebound plan.

How some diversified financial companies were performing Friday morning:

Citigroup, up 20 cents to $24.50.

Bank of America, down 15 cents to $37.18.

CIT Group Inc., down 37 cents, or 3 percent, to $11.88.

JPMorgan Chase & Co., up 11 cents to $46.16.

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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