We are seeing some relative strength in LEH in early morning trading, going up as much as $17.35 after news on the wires last night that Soros has taken a position of 9.5M shares in the battered financial company.
LEH was doing better than the rest of the group, but as WB, GS and JPM got […]
JP Morgan Chase is offering to buy troubled investment bank Bear Stearns (BSC Message Board) for between $15 and $20 a share, CNBC has learned.
Jin Lee / ASSOCIATED PRESS
Bear Stearns
Bear’s board is currently meeting to discuss the proposal. A deal in principle could be announced Sunday night, although the agreement would still need shareholder approval.
Here’s […]
A quick look at stocks making new lows, and its easy to see that financials are a big part of that group:
Symbol Last Volume %Chg
MER 46.39 38502436 -5.94%
FNM 22.14 29506724 -8.78%
WB 27.83 27130218 -3.13%
JPM 37.67 26329662 -2.76%
LEH 46.11 17427902 -4.06%
FRE 20.06 16178916 -7.30%
AIG 43.46 14730062 -2.58%
SFI 13.35 10204020 -17.34%
MS 40.03 9352478 -3.47%
CROX 19.01 […]
