Financial stocks are among the hardest hit thanks to uncertainty over the Greek rescue plan. Contagion with other EU countries is also becoming a concern. Earning are also weighing heavily on financial stocks after Goldman posted its first loss in Asia since 2008.
Financial Stocks to Watch
Bank of America Corporation (NYSE:BAC) is down 3.89% this afternoon at $7.68. BAC has traded 205 million shares so far today and trades about 273 million shares a day on average. BAC shares have dropped about $0.50 over the past two days as it follows the market sell off. Usually whatever direction the market trades in, BAC follows. The company has a market cap of 82.32 billion.
JP Morgan Chase & Co. (NYSE:JPM) is down 2.82% today at $39.27. JPM is trading slightly below average volume today with 24.9 million shares traded. The stock typically trades 33.4 million shares a day on average. JPM shares have fallen more than $1 over the past three days. The company has a market cap of 147.93 billion.
American Express Company (NYSE:AXP) is down 2.25% in afternoon trading at $51.78. AXP has traded 4 million shares so far today and trades 6 million shares a day on average. AXP shares have dropped $2 in the recent market downtrend. The company has a market cap of 62.14 billion.
Citigroup, Inc. (NYSE:C) is down 4.87% this afternoon at $32.04. C has traded 39.6 million shares so far today and trades 48.7 million shares on average everyday. Citigroup stock has dropped more than $2 a share since last Friday. The company has a market cap of 93.64 billion.
Wells Fargo & Company (NYSE:WFC) is down 2.95% at $30.07. WFC has traded 20.1 million shares so far today and trades 30.4 million shares a day on average. Wells Fargo has fallen more than $1.50 since last Wednesday. The company has a market cap of 158.36 billion.
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