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Opening Glance: Investment Banks



By AP
18 June 2008 @ 10:00 am EST

NEW YORK - Shares of investment banks fell early Wednesday morning after Morgan Stanley said its fiscal second-quarter earnings tumbled 61 percent due to continued deterioration of the credit and mortgage markets.

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Quotes
MS 41.36 1.02
GS 163.24 2.34
LEH 16.2 1.03
MER 26.73 0.52

SYMBOL LOOKUP

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

Morgan Stanley fell $2.29, or 5.6 percent, to $38.30.

Goldman Sachs Group Inc. rose $1.35 to $180.79.

Lehman Brothers Holdings Inc. fell 79 cents, or 3.1 percent, to $22.35.

Merrill Lynch & Co. fell $1.71, or 4.5 percent, to $36.21.

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 This material may not be published, broadcast, rewritten or redistributed.

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