Hints and tips:
...Morgan Stanley was 2.6 per cent lower at $25.33, while JPMorgan Chase fell 2 per cent to $37.33, Goldman Sachs fell 1.6 per cent to $133.44 and Citigroup was flat at $3.88....
...Morgan Stanley analysts welcomed the deal, upgrading East West from “equal-weight” to “overweight”. The G20 assurances pushed gold to fresh highs and boosted other metal prices....
...“Commodity shares could find a headwind with Chinese stocks soft and crude oil finding resistance at $75,” wrote Nick Kalivas, an analyst at MF Global....
...But they are now having to put that money back in as they try to catch up,” said Nick Kalivas, an analyst at MF Global....
...This contrasted with statements from Morgan Stanley, Goldman Sachs and JPMorgan in recent days that they would pay back the government as soon as possible....
...Hussein Allidina, head of commodities research at Morgan Stanley in New York, said: “Investors are buying commodities as protection against inflation and as a hedge against a weaker US dollar.”...
...We believe the market is ahead of itself,” wrote Nick Kalivas, an analyst at MF Global Research....
...Nick Kalivas, an analyst at MF Global warned the stellar rises seen in financial stocks since the rally began in March might not last....
...Nick Kalivas, an analyst at MF Global, said: “The BKX [banking index] did not move above last Thursday’s high and there may also be an over-reaction to the PPIP plan.”...
...But Nick Kalivas, an analyst at MF Global said the recent equity raising activity was actually a good sign for the market....
...JPMorgan closed 8 per cent down at $24.95, Morgan Stanley fell 13 per cent to $21.04 and Goldman Sachs dropped 5.7 per cent to $99.30....
...Morgan Stanley’s shares fell 2.5 per cent to $22.73. Energy stocks were the major drag on the index however, as the price of oil continued to fall....
...They included Morgan Stanley and US Bancorp , which rose 8 per cent to $22.51 and 9 per cent to $12.42 respectively....
...Analysts are lightly defending healthcare names today, but investors are selling first and asking questions later,” wrote Nick Kalivas, analyst at MF Global....
...Morgan Stanley and Goldman Sachs lost 11.9 per cent at $13.85 and 4.2 per cent to $67.74 ahead of their results expected next week....
International Edition