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Opening Glance: Investment Banks mixed



By AP
02 July 2008 @ 10:14 am EST

NEW YORK - Shares of investment banks were mixed early Wednesday after Oppenheimer analyst Meredith Whitney said she now expects Merrill Lynch & Co. to post a loss of $4.21 per share in 2008 on continued weakness in the credit markets, far greater than the average $1.36 per share loss expected by Wall Street, according to Thomson Financial.

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Quotes
MS 37.06 -0.34
LEH 13.72 -0.01
GS 156.42 -1.83
MER 24.34 -0.07

SYMBOL LOOKUP

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

Merrill Lynch fell 30 cents to $31.95.

Morgan Stanley slipped 3 cents to $36.57.

Lehman Brothers Holdings Inc. added 6 cents to $21.02.

Goldman Sachs Group Inc. rose $1.07 to $176.40.

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 This material may not be published, broadcast, rewritten or redistributed.

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