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Opening Glance: Diversified financials are mixed



By AP
08 July 2008 @ 10:46 am EST

NEW YORK - Diversified financial-services stocks lacked direction Tuesday morning following Federal Reserve Chairman Ben Bernanke's comments that the central bank may extend its lending efforts to investment banks.

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Quotes
C 15.15 -2.26
JPM 39.32 -4.68
CIT 7 0.13
BAC 23.77 -8.45

SYMBOL LOOKUP

The remarks soothed some of Wall Street's jitters about the financial sector, although investors remain wary about the start of second-quarter earnings season.

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

Citigroup Inc., up 3 cents to $16.43.

JPMorgan Chase & Co., down 19 cents to $33.85.

CIT Group Inc., down 16 cents, or 2.2 percent, to $7.53.

Bank of America Corp., up 21 cents to $21.74.

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 This material may not be published, broadcast, rewritten or redistributed.

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