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Opening Glance: Diversified financials mostly down



By AP
30 June 2008 @ 12:09 pm EST

NEW YORK - Diversified financial-services stocks were trading mostly down Monday morning, following a dismal close to last week, as oil prices climbed above $143 per barrel for the first time and the broader market traded in a narrow range.

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Quotes
C 0 -18.3
JPM 37.64 -0.27
CIT 0 -10.31
BAC 0 -30.6

SYMBOL LOOKUP

How shares of some key diversified financial companies were faring Monday morning:

Citigroup Inc., down 57 cents, or 3.3 percent, to $16.82, after hitting $16.61 shortly after the opening bell, the lowest point the stock has traded since October 1998.

JPMorgan Chase & Co., down 63 cents to $34.42, after bottoming out at $33.96, their lowest point since October 2005.

CIT Group Inc., down 65 cents, or 8.1 percent, to $7.35.

Bank of America Corp., down 31 cents to $24.28, after trading as low as $24.17, their lowest point since March 2001.

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 This material may not be published, broadcast, rewritten or redistributed.

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