JPMorgan: Financial Winners & Losers

Stock quotes in this article:JPM, C, BAC, GS, LAZ, BX 

Updated to add closing prices. NEW YORK (TheStreet) -- Financial names ended trading modestly higher on Columbus Day as investors anticipated a slew of mega-bank quarterly reports scheduled for later this week.

The broader market, meanwhile, followed crude-oil prices higher, pushing the Dow Jones Industrial Average toward the psychologically rich 10,000-point level, before the index retreated slightly and ended the session up just 0.2%.

Third-quarter results from the big banks will, of course, offer market participants a window into Wall Street's rebound -- and its strength or lack thereof -- from the financial crisis.

JPMorgan(JPM), Citigroup(C), Bank of America(BAC), and Goldman Sachs(GS) are all set to release results later this week.

Among those names, Citigroup and Bank of America paced the gainers, both adding 3% to close at $4.77 and $18.03, respectively. Goldman Sachs advanced 0.45% to $190.15, while JPMorgan ended the day slightly higher after trading most of the session in the red. The stock closed at $46.08, up 23 cents, or 0.5%.

Shares of Wells Fargo(WFC), which doesn't report until Oct. 21, gained 3.7% to $30.28.

On the negative side, Goldman rival Morgan Stanley(MS) saw its shares fall 1% to $31.76.

New York-listed American depositary receipts of the U.K. giant Barclays(BCS) also lost ground Monday after the bank announced plans to sell a $6.3 billion portfolio of credit assets in another bid to shore up its balance sheet in the face of potential write-downs of toxic debt, the Financial Times reported. Last month, Barclays unloaded $12.3 billion in assets.

Barclay's ADRs finished the session down 39 cents, or 1.6%, to $23.66.

Elsewhere, private equity house Blackstone(BX) is preparing to exit up to eight portfolio-company investments via public offerings and at least five more through straight sales to other parties, according to a letter sent by Blackstone to its investors on Friday.

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Dow Jones S&P 500 NASDAQ 10-Year Note
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127.41
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10 Yr
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SPDR Gold
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