Dallas 9/29/2010 10:47:56 PM
News / Business

Financial Stocks Mostly Lower (Citigroup, USB, MS, GS)

Financial Stocks

U.S. stocks opened mostly lower Wednesday as investors took back some of September's robust gains and considered potential action by the Federal Reserve.

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Citigroup Inc. (NYSE:C) added 0.45% to $3.90 on over 79.34 million shares. Today, the stock opened at $3.88 and is trading within the range of $3.87-$3.90. The average daily volume of the stock is 410.58 million shares.

The stock is up more than 17% year-to-date. So far, the market capitalization of the stock stands at $113 billion.

U.S. Bancorp (NYSE:USB) slid 0.69% to $21.68 after 2.08 million shares of trade. So far in the past six months of trading sessions, the stock dropped over 16%.

The median Wall Street price target on the stock is $29 and the high target is set at $34 with majority of analysts have a Buy rating on the company`s stock. The stock has the 50- Day Moving Average and 200-Day Moving Average prices of $22.24 and $24.19 respectively.

Morgan Stanley (NYSE:MS) dropped 0.82% to $24.30 on over 4.14 million shares. The stock moved in an intraday range of $24.18-$24.43. So far in the last six months of trading sessions, the stock plunged over 17%.

The company has Price/Book ratio of 0.83. The stock has the 50- Day Moving Average and 200-Day Moving Average prices of $25.96 and $27.12 respectively.

Morgan Stanley is a financial holding company. Through its subsidiaries and affiliates, the Company operates as a global financial services company that provides its products and services to a diversified group of clients and customers, including corporations, governments, financial institutions and individuals.

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Goldman Sachs Group, Inc. (NYSE:GS) went down 1.22% to $143.24 on over 1.90 million shares of trade. So far this year, the stock dropped over 14%. The stock has a 52-week range of $129.50-$193.60.  

The median Wall Street price target on the stock is $190 and the high target is set at $243 with majority of analysts have a Buy rating on the company`s stock. The stock has the 50- Day Moving Average and 200-Day Moving Average prices of $147.33 and $150.38 respectively.

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