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Opening Glance: Investment banks rise



By AP
12 May 2008 @ 10:10 am EST

NEW YORK - Shares of investment banks rose Monday morning as broader markets increased modestly and London-based HSBC Holdings PLC said first-quarter profits improved despite the bank still taking a mortgage-related write-down.

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Quotes
HBC 78.63 2.73
BSC 10.11 0.3
GS 169.73 6.49
MS 43.44 2.08
LEH 16.35 0.15
MER 28.62 1.89

SYMBOL LOOKUP

How shares of some major investment banks were trading:

Bear Stearns Cos. rose 11 cents to $10.34.

Goldman Sachs Group Inc. rose 3 cents to $188.12.

Lehman Brothers Holdings Inc. rose 6 cents to $43.60.

Merrill Lynch & Co. rose 22 cents to $48.67.

Morgan Stanley rose 21 cents to $46.17.

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 This material may not be published, broadcast, rewritten or redistributed.

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