Opening Glance: Diversified financials decline

By Associated Press May 21, 2008 Comments (0)

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Shares of diversified financial services companies declined more modestly Wednesday morning following the prior day's big losses as Wall Street remained concerned about rising crude-oil prices.

Crude oil briefly reached $130 a barrel for the first time on Wednesday. Investors also waited for government data on crude-oil inventories and for minutes from the Federal Reserve's April 29-30 meeting to give them more direction.

How shares of some diversified financials were performing Wednesday morning:

Citigroup Inc., down 24 cents to $21.87.

Bank of America Corp., down 14 cents to $35.24.

JPMorgan Chase & Co., down 35 cents to $43.35.

CIT Group Inc., down 23 cents to $11.40.

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DocumentId: 649509, ~/articles/articlehandler.aspx, 7/9/2008 3:14:00 AM, No ticker

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