(Updated to include change in share prices at market close; and comeback of BofA.)
NEW YORK (
) -- Thursday's market rout was unkind to the big-name financials, and the story was much the same on Friday.
Bank of America
(BAC - Get Report)
was the only major financial stock to eek out a gain at the close, though calling a rise of 0.06% a gain shows just how bad things went for financials today.
John Paulson of
Paulson & Co.
predicted that Bank of America's value would double in two years time earlier this week. After today's less than 0.1% gain, his bullish call still faces an uphill battle. Looking for other positives, the losses at
, financials that led Thursday's retreat
, were much smaller, down 0.6% and 0.7% respectively.
Lazard, which received a ratings upgrade to 'buy' from Pali Capital, was trading up for most of the morning, though by mid-day it had gone back into negative territory on a percentage basis. Morgan may have received a little help from the announcement that it had finally unloaded an albatross of a real estate investment on
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The real winners, however, were the Japanese financials, with
up over 6% and
Mitsubishi UFJ Financial
(MTU - Get Report)
up over 3.5% at the close.