Opening Glance: Investment banks

By Associated Press May 22, 2008 Comments (0)

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Shares of investment banks fell early Thursday as analyst Richard Bove cut his ratings on Goldman Sachs Group Inc., Lehman Brothers Holdings Inc. and Merrill Lynch & Co. to "sell" and reduced his price target for Morgan Stanley.

How shares of major investment banks were performing:

Goldman Sachs fell $1.91 to $176.69.

Lehman Brothers fell 82 cents to $38.74.

Merrill Lynch fell 55 cents to $44.44.

Morgan Stanley fell 13 cents to $42.76.

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