Opening Glance: Diversified financials decline

By Associated Press May 13, 2008 Comments (0)

0 Recommendations

Diversified financial-services companies' shares pulled back Tuesday morning after the Commerce Department said retail sales fell in April and business inventories increased by the smallest amount in a year, two signs of a weakening economy.

Also Tuesday, Bernanke said during a speech that financial market turmoil has eased somewhat, but the situation is still "far from normal."

How some diversified financial companies' shares were performing Tuesday morning:

Citigroup Inc., down 5 cents to $23.59.

Bank of America Corp., down 30 cents to $37.14.

CIT Group Inc., down 8 cents to $11.92.

JPMorgan Chase & Co., down 74 cents to $46.50.

Comments (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment icon found on every comment.

Be the first one to comment on this article.

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Compare Brokers

DocumentId: 643651, ~/articles/articlehandler.aspx, 7/24/2008 3:38:58 PM,

Sign up for FREE Motley Fool site access!

Already registered? Login Here

It’s FREE! Enter your email address, and we’ll rush you to the article you're looking for right now.

Privacy / Legal Information

We will use your email address only to keep you informed about updates to our web site and about other products and services that we think might interest you. The Motley Fool respects your privacy. Please read our Privacy Statement