Market Overview

Financials Dropping On Goldman Sachs Subpoena, Moody's Watch

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Just what the market needed was more bad news.

Goldman Sachs (NYSE: GS) shares are dropping on news that a Manhattan Prosecutor is subpoenaing the company.

In addition to this bad news, Moody's has put the debt of Citigroup, Bank of America and Wells Fargo (NYSE: WFC) on credit watch.

As a result, Citigroup (NYSE: C), Bank of America (NYSE: BAC), and J.P. Morgan (NYSE: JPM) shares are down on this news.

At last check, Goldman Sachs were off $2.11 to $134.11, a loss of 1.5%.

Posted-In: News Legal Movers

 

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