Financial Winners & Losers
JPMorgan: Financial Winners & Losers
The firm's boss, Stephen Schwarzman, was notably sanguine in the letter, saying that the worst had passed for the private equity business.
Shares of Blackstone's publicly traded management arm shot higher by more than 8% Monday, closing at $16.08, up $1.23. Advisory shop Lazard(LAZ) made news over the weekend, but not for any financial reasons. The firm's head man, M&A impresario Bruce Wasserstein, went to the hospital because of an irregular heartbeat. "His condition is serious, but he is stable and recovering," Lazard said in a brief statement issued Sunday night. Lazard shares finished Monday at $41.40, down 1.2%. Wasserstein's contract with Lazard runs through 2012; the 61-year-old, who made his name in the 1980s as a banker at the white-shoe First Boston, took over the helm at Lazard in 2002, piloting it through its IPO in 2005. -- Written by Scott Eden in New York Follow TheStreet.com on Twitter and become a fan on Facebook.TheStreet Premium Services
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note |
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|---|---|---|---|---|
| 12,393.45 | 1,310.33 | 2,827.34 | 15.81 |
Oil *
101.78
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DOWN
26.41 |
DOWN
2.99 |
DOWN
10.02 |
DOWN
0.44 |
10 Yr
1.58%
SPDR Gold
151.62
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-0.21%
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-0.23%
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-0.35%
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-2.71%
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Data delayed 20 minutes |
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