Bank Stocks 1/15/09 - January 15, 2009

News that Bank of America ( BAC ) is needing more Government Aid started circulating last night and Jp Morgan ( JPM ) reported better then expected earnings of .07 EPS this morning. Despite the JP Morgan news, banking stocks are taking a nose dive this morning, 1/15/09. This really all started last week when Citigroup ( C ) started to break down.

The S&P 500 has support between 815-820, so if you love financial stocks down here, it could be a great place to take a shot. I will not be getting involved however until things start to improve.

Bank of America ( BAC ) - January 15, 2009 Low - $7.35 - Current Price $8.08
JP Morgan ( JPM ) - January 15, 2009 Low - $24.75 - Current Price $26.01
Citigroup ( C ) - January 15, 2009 Low - $3.36 - Current Price $3.71
UBS ( UBS ) - January 15, 2009 Low - $11.81 - Current Price $11.90
Goldman Sachs ( GS ) - January 15, 2009 Low - $69.00 - Current Price $71.57
Morgan Stanley ( MS ) - January 15, 2009 Low - $15.25 - Current Price $15.65

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