Shares of investment banks were mixed early Tuesday after Federal Reserve Chairman Ben Bernanke said the central bank might expand its lending efforts to investment banks.
Shares of Merrill Lynch & Co. fell early Tuesday after a Wachovia analyst slashed his estimates for the bank and said it might sell its stake in BlackRock Inc. or Bloomberg LP to raise new capital.
Here's a look at how investment banks fared early Tuesday:
Merrill Lynch fell 40 cents to $29.96.
Goldman Sachs Group Inc. rose 12 cents to $169.94.
Lehman Brothers Holdings Inc. fell 94 cents, or 4 percent, to $19.90.
Morgan Stanley dipped 33 cents to $34.74.
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