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Opening Glance: Investment banks decline

By Associated Press May 13, 2008 Comments (0)

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Shares of investment banks fell Tuesday morning as Federal Reserve Chairman said the credit crisis is "still far from over," though he did say turmoil has begun to wane.

How shares of major investment banks were performing early Tuesday:

Bear Stearns Cos. fell 5 cents to $10.33.

Goldman Sachs Group Inc. fell 35 cents to $191.73.

Lehman Brothers Holdings Inc. fell 38 cents to $44.17.

Merrill Lynch & Co. fell 16 cents to $48.99.

Morgan Stanley fell 21 cents to $47.44.

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