Updated to add closing prices
.NEW YORK (
) -- 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.
Bank of America
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%.
, which doesn't report until Oct. 21, gained 3.7% to $30.28.
On the negative side, Goldman rival
saw its shares fall 1% to $31.76.
New York-listed American depositary receipts of the U.K. giant
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
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
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.
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.
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
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Scott Eden has covered business -- both large and small -- for more than a decade. Prior to joining TheStreet.com, he worked as a features reporter for Dealmaker and Trader Monthly magazines. Before that, he wrote for the Chicago Reader, that city's weekly paper. Early in his career, he was a staff reporter at the Dow Jones News Service. His reporting has appeared in The Wall Street Journal, Men's Journal, the St. Petersburg (Fla.) Times, and the Believer magazine, among other publications. He's also the author of Touchdown Jesus (Simon & Schuster, 2005), a nonfiction book about Notre Dame football fans and the business and politics of big-time college sports. He has degrees from Notre Dame and Washington University in St. Louis.