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Opening Glance: Investment Banks rise modestly



By AP
16 June 2008 @ 10:03 am EST

NEW YORK - Shares of investment banks rose modestly early Monday, despite a drop in broader markets and Lehman Brothers Holdings Inc. fully detailing its fiscal second-quarter loss of $2.87 billion.

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Quotes
GS 65.76 -13.23
MS 11.35 -3.4
LEH 0.13 -0.17
MER 10.13 -3.09

SYMBOL LOOKUP

Goldman Sachs Group Inc. and Morgan Stanley are scheduled to report their fiscal second quarter financial results later in the week.

Here's a look at how investment banks fared early Monday morning:

Lehman Brothers rose 54 cents, or 2.1 percent, to $26.35.

Goldman Sachs rose $3.12 to $181.41

Morgan Stanley rose $1.11, or 2.7 percent, $42.11.

Merrill Lynch & Co. rose $1.04, or 2.8 percent, to $39.04.

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 This material may not be published, broadcast, rewritten or redistributed.

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