
Closing Glance: Diversified financials drop
Diversified financial-services stocks dropped again on Monday in yet another dismal session for the beleaguered industry, as the rising price of oil continued to pressure shares.
The major indexes closed out the first six months of 2008 with double-digit declines and are nearing the levels of a bear market.
How shares of some key diversified financial companies performed on Monday:
Citigroup Inc., down 49 cents, or 2.8 percent, to $16.76, after hitting $16.58 earlier in the session, the lowest point the stock has traded since October 1998.
JPMorgan Chase & Co., down 74 cents, or 2.1 percent, to $34.31, after hitting $33.96, the stock's lowest point since October 2005.
CIT Group Inc., down $1.19, or 14.9 percent, to $6.81.
Bank of America Corp., down 72 cents, or 2.9 percent, to $23.87, after trading as low as $22.44, their lowest point since December 2000.
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