(EMAILWIRE.COM, March 19, 2010 ) Dallas, Tx - Goldman Sachs is commenting on financial stocks this morning, lowering estimates on the major banks and brokers with capital markets exposure by roughly 15% for Q1, although they remain upbeat for the remainder of the year.
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JPMorgan Chase & Co. (NYSE:JPM) fell 0.46% to $43.44 on heavy volume. In the past one year, the stock is up over 74%.
Bank of America Corporation (NYSE:BAC) declined 0.75% to $16.95. In the past one year, the stock is up over 144%.
Citigroup Inc. (NYSE:C) slid 0.50% to $4 on heavy volume. In the past one year, the stock is up over 53%.
Morgan Stanley (NYSE:MS) fell 1.13% to $29.74.
HSBC Holdings plc (ADR) (NYSE:HBC) fell 1.40% to $51.47.
Royal Bank of Scotland Group plc (ADR) (NYSE:RBS) stock bucking the trend surged 3.50% to $13.34 after the company has scaled back loans to the industry since the U.K. government bailed out the company in 2008.
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