Updates share prices throughout.
Financial stocks closed down with the wider market Friday, as investors eye upcoming earnings and JPMorgan Chase (JPM Quote) continued to wrestle with undoing its final bailout ties.
JPMorgan shares finished 3.8% lower to $32.34 after a report the company cannot agree on a price with the federal government to buy back warrants issued to the Treasury Department through the Troubled Asset Relief Program. The company repaid the government's $25 billion preferred equity stake last month. Nine other of the nation's 19 largest banks that passed government stress tests also repaid preferred equity stakes, but still must strike deals for warrants.
JPMorgan, Bank of America (BAC Quote) and Citigroup (C Quote) are among the big national banks slated to report earnings next week. JPMorgan is expected to report Thursday, followed by BofA and Citi on Friday. ...
Recent Comments
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,441.12 | 1,109.18 | 2,206.91 | 35.96 |
Oil *
73.55
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DOWN
10.88
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UP
1.25
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UP
5.86
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DOWN
0.07
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10 Yr
3.60%
SPDR Gold
111.59
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-0.10%
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+0.11%
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+0.27%
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-0.19%
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