Financial Stocks Opens Weak (NYSE: C, BAC, GS)

Citigroup Inc. (NYSE:C) drops 0.94% to $3.17 on 60.21 million shares after Barclays PLC announced that Barclays Bank PLC has agreed to acquire the Italian credit card business of Citibank Inc. Under the terms of the transaction, Barclays will acquire the business as a going concern which involves the acquisition of approximately 197,000 credit card accounts and gross assets of approximately EUR234 million (as at December 31, 2009), of which substantially all relate to receivables.

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Bank of America Corporation (NYSE:BAC) is down 0.55% to $14.59 on 1.86 million shares after Reuters reported that Standard & Poor's revised its rating outlooks on Bank of America Corporation to negative from stable, citing uncertainty whether the government will provide more extraordinary support that benefits debt holders.

Goldman Sachs Group, Inc. (NYSE:GS) slid 0.54% to $152.80. The stock hit an intraday high and an intraday low of $154.40 and $152.62 respectively. In the last six months the stock went down over 4%. The Goldman Sachs Group, Inc. is a bank holding company and global investment banking, securities and investment management firm that provides services worldwide to corporations, financial institutions, governments and high-net-worth individuals.

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