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Opening Glance: Investment Banks



By AP
30 May 2008 @ 10:16 am EST

NEW YORK - Shares of investment banks mostly fell Friday morning as JPMorgan Chase & Co. is expected to close its acquisition of beleaguered bank Bear Stearns Cos. during the day and as others wrap up their fiscal second quarters.

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Quotes
JPM 41.64 4.96
BSC 6.99 -0.27
GS 88.8 -12.55
MS 9.68 -2.77
LEH 0.13 -0.17
MER 15.75 2.43

SYMBOL LOOKUP

Friday is also the last business day of Goldman Sachs Group Inc., Lehman Brothers Holdings Inc. and Morgan Stanley's fiscal second quarters, which officially end Saturday.

Here's how some investment banks fared early Friday:

Bear Stearns shares fell 9 cents to $9.46.

Goldman Sachs rose $1.85 to $178.09.

Lehman Brothers fell 13 cents to $37.24.

Merrill Lynch & Co. fell 43 cents to $43.85.

Morgan Stanley rose 40 cents to $44.18.

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 This material may not be published, broadcast, rewritten or redistributed.

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