Bank Stocks 3/6/09 March 6, 2009 - BAC

Today, 3/6/09, the bank stocks are higher in pre market after Wells Fargo ( WFC ) announced that they are cutting their dividend.

Banking Stock Update - March 6, 2009

Wells Fargo ( WFC ) - $8.90 Up 9.73% - Wells Fargo slashes dividend 85 percent to 5 cents. Wells Fargo slashes dividend 85 percent to 5 cents for expected annual savings of $5 billion.

Bank of America ( BAC ) - $3.30 Up 4% - JPMorgan, Wells Fargo, Bank America Face Ratings Cuts. Bank of America Says Bonus Disclosure Will Cause ‘Grave’ Harm.

Citigroup ( C ) - $1.04 Up 1.96% - Citigroup Reportedly Seeking To Sell Stake In Monex

Other Bank Stocks that are rising - Fifth Third ( FITB ) & Ambac ( ABK )

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