LocateStock.com Daily High 5 For Friday October 31, 2008

Jersey City, NJ – October 31, 2008

The LocateStock.com HIGH 5 for Friday, October 31^st are:

5 – Goldman Sachs – NYSE:GS

4 – Las Vegas Sands – NYSE:LVS

3 – Morgan Stanley – NYSE:MS

2 – Merrill Lynch – NYSE:MER

1 – Bank of America – NYSE:BAC

The Goldman Sachs Group, Inc. (NYSE:GS) provides a range of investment banking, securities, and investment management services to corporations, financial institutions, governments, and high-net-worth individuals worldwide. It operates in three segments: Investment Banking, Trading and Principal Investments, and Asset Management and Securities Services.

* Merrill Lynch reduced 2009 earnings estimates for Goldman Sachs further below consensus on Thursday. Shares of Goldman erased gains made a day earlier, falling $6.55 or 6.71% to $91.11.

Las Vegas Sands Corp. (NYSE:LVS) and its subsidiaries develop and operate hotel, gaming, and resort businesses. It owns the Venetian resort-hotel-casino and the Sands Expo and Convention Center in Las Vegas, Nevada; and The Sands Macao Casino in Macao, the People's Republic of China (PRC).

* Las Vegas Sands plans to open its Singapore casino by end-2009 as scheduled despite a report that the project will be delayed, a Singapore-based company executive said on Thursday. Shares of LVS rocketed $1.47 or 16.50% to $10.38 on the news.

Morgan Stanley, (NYSE:MS) through its subsidiaries and affiliates, provides various financial products and services to corporations, governments, financial institutions, and individuals worldwide. The company operates in three segments: Institutional Securities, Global Wealth Management Group, and Asset Management.

* Merrill Lynch reduced 2009 earnings estimates for Morgan Stanley further below consensus on Thursday. Shares rose $1.33 or 9.01% to $16.09 and is up almost 15% on the week.

Merrill Lynch & Co., Inc., (NYSE:MER) together with its subsidiaries, provides investment, financing, insurance, and related services to individuals and institutions worldwide. It's Global Markets and Investment Banking segment offers various global market services, which facilitate client transactions and markets in securities, derivatives, currencies, commodities, and other financial instruments for clients; provides financing, securities clearing, settlement, and custody services; and engages in principal and private equity investing and proprietary trading activities.

* The Securities Law Firm of Tramont Guerra & Núñez made an announcement to Merrill Lynch customers on Thursday who invested in Fannie Mae Preferred Stock - Series S and Fannie Mae Preferred Stock - Series T issued by Fannie Mae. The suit names Merrill Lynch for their involvement as a lead underwriter of the Preferred stock offerings. Shares rose 23 cents or 1.31% to $17.78 and is up 17% on the week.

Bank of America Corporation, (NYSE:BAC) a financial holding company, provides a range of banking and nonbanking financial services and products in the United States and internationally. The company's Global Consumer and Small Business Banking segment offers savings accounts, money market savings accounts, certificate of deposits, individual retirement accounts, regular and interest-checking accounts, and debit cards; U.S. Consumer and Business Card, unsecured lending, and international card; consumer real estate products, including mortgage products for home purchase and refinancing, reverse mortgage products, and home equity products; and insurance services.

* Bank of America awarded a $200,000 grant on Thursday to College Forward to support its program and services. The bank awarded the Neighborhood Builders Award at its 2008 Neighborhood Excellence Initiative Award ceremony on October 29. Shares of BAC rose 46 cents or 2.06% to $22.78 on the news.

The daily HIGH 5 stocks are determined by the company's proprietary, internal algorithmic calculators. The result is five securities that are the most sought after to borrow, and have proven to be the hottest stocks to short that day.

LocateStock.com is the premier electronic securities lending company providing revolutionary, real-time, hard-to-borrow stock locates and market data to hedge funds and professional traders seeking an efficient and private way to borrow stock associated with short sales. The HIGH 5 is a daily financial news show that highlights stock inventory that is available for short sellers to legally borrow and stay in compliance with Regulation SHO.

For an in-depth market analysis on each individual, hard to borrow stock, tune in daily to LocateStock TV, on http://www.locatestock.com/pressrelease.html

CONTACT: pressrelease@locatestock.com / 201-332-6800

SOURCE: Locate Stock, LLC

posted by LOCATESTOCK @ 11:27 AM 0 Comments Links to this post

Thursday, October 30, 2008

LocateStock.com Daily High 5 For Thursday October 30, 2008

Jersey City, NJ – October 30, 2008

The LocateStock.com HIGH 5 for Thursday, October 30^th are:

5 – Goldman Sachs – NYSE:GS

4 – Banc of America – NYSE:BAC

3 – Morgan Stanley – NYSE:MS

2 – Merrill Lynch – NYSE:MER

1 – Wachovia – NYSE:WB

* Goldman Sachs on Wednesday promoted 94 employees to partner, the firm's highest rank and one offering lucrative bonuses. Every two years, Goldman names a class of managing directors to the exclusive rank of "partner managing director." Shares of Goldman rose $5.42 or 5.79% to $98.99 on the news.

* Bank of America said Wednesday it lowered its prime lending rate to 4% from 4.5%. The cut in the prime rate matches the 0.5% rate cut the Federal Reserve Board announced earlier in the day. Shares of BAC fell 70 cents or 3.04% to $22.32 on the news.

* New York Attorney General Andrew Cuomo said Wednesday he sent a letter to nine banks, including Morgan Stanley, requesting detailed information on bonus pool allocations from their boards. Shares fell 44 cents or 2.89% to $14.76 on Wednesday.

* In a letter sent to nine banks including Merrill Lynch, New York Attorney General Andrew Cuomo on Wednesday warned that receiving government money and using it for bonus payments may be illegal under state law. Shares of MER fell 36 cents or 2.00% to $17.68 on Wednesday.

Wachovia Corporation, (NYSE:WB) a financial holding company, provides commercial and retail banking services, and other financial services in the United States and internationally. Its deposit products include savings, NOW, money market, and interest-bearing checking accounts, as well as noninterest-bearing deposits and other consumer time deposits.

* Shares of national banks fell on Wednesday after the Federal Reserve cut its rate on the interest banks charge on overnight loans by a half point to 1%. The cut, which was highly anticipated, sends the target for the federal funds rate to its lowest level since 2003-2004. Wells Fargo dipped 50 cents or 7.73% to $5.97 on the news.

For an in-depth market analysis on each individual, hard to borrow stock, tune in daily to LocateStock TV, on http://www.locatestock.com/pressrelease.html

CONTACT: pressrelease@locatestock.com / 201-332-6800

SOURCE: Locate Stock, LLC

posted by LOCATESTOCK @ 11:28 AM 0 Comments Links to this post

Wednesday, October 29, 2008

LocateStock.com Daily High 5 For Wednesday October 29, 2008

Jersey City, NJ – October 29, 2008

The LocateStock.com HIGH 5 for Wednesday, October 29^th are:

5 – Wells Fargo – NYSE:WFC

4 – Citigroup – NYSE:C

3 – Banc of America – NYSE:BAC

2 – Goldman Sachs – NYSE:GS

1 – Morgan Stanley – NYSE:MS

Wells Fargo & Company, (NYSE:WFC) through its subsidiaries, operates as a financial services company in the United States. It operates in three segments: Community Banking, Wholesale Banking, and Wells Fargo Financial.

* Wells Fargo, along with Wachovia, named two executives to manage the companies' integration. Steve Boehm, president of the Charlotte bank's card and payment solutions group, will lead Wachovia in merger planning. Shares of Wells Fargo were boosted $3.63 or 11.77% to $34.36 on Tuesday.

Citigroup, Inc., (NYSE:C) together with its subsidiaries, provides a range of financial products and services to consumer and corporate customers in the United States and internationally. The company's Global Consumer Group segment offers various banking, lending, insurance, and investment products and services through its branches, automated teller machines (ATMs), and automated lending machines (ALMs), the Internet, telephone, and mail.

* The nine largest U.S. banks, including Citigroup, receiving $125 billion from the government were asked on Tuesday to hand over information about their compensation and bonus plans to a Congressional panel. The government wants the information broken down by salaries, bonuses and benefits and a description of the reasons for the year-to-year changes in the amounts. Citi shares surged $1.74 or 14.83% to $13.47 on Tuesday.

* Major financial stocks mostly fell Tuesday, despite gains in the broader market, as traders sold off in the sector following a spate of bad economic news. Bank of America shares skyrocketed though, gaining $2.49 or 12.13% to $23.02.

* Goldman Sachs was hit by a new wave of selling on Tuesday as concerns grew over its financial health, business model and trading positions. The drop in the shares forced Goldman to deny rumors it had suffered large trading losses. Goldman managed to pull itself out of the red though, to close the day up 69 cents or .74% to $93.57.

* Morgan Stanley was hit by a new wave of selling on Tuesday as concerns grew over its financial health, business model and trading positions. The drop in the shares forced Morgan to deny rumors it had suffered large trading losses. MS managed to pull itself out of the red though to close the day up a much-needed $1.47 or 10.71% to $15.20.

For an in-depth market analysis on each individual, hard to borrow stock, tune in daily to LocateStock TV, on http://www.locatestock.com/pressrelease.html

CONTACT: pressrelease@locatestock.com / 201-332-6800

SOURCE: Locate Stock, LLC

posted by LOCATESTOCK @ 11:00 AM 0 Comments Links to this post

Tuesday, October 28, 2008

LocateStock.com Daily High 5 For Tuesday October 28, 2008

Jersey City, NJ – October 28, 2008

The LocateStock.com HIGH 5 for Tuesday, October 28^th are:

5 – Morgan Stanley – NYSE:MS

4 – Banc of America – NYSE:BAC

3 – AIG International– NYSE:AIG

2 – JP Morgan – NYSE:JPM

1 – Citigroup – NYSE:C

* On Monday Morgan Stanley said it can hold onto physical assets in the energy sector for up to five years even after converting from an investment bank to a more tightly regulated bank holding company last month. Morgan shares fell $2.79 or 16.89% to $13.73 on Monday.

* Bank of America awarded two local nonprofits and five community leaders with grants totaling $425,000, and internships to five students. The Bank of America Charitable Foundation granted Big Brothers Big Sisters of Northeast Florida and Hope Haven Children's Clinic and Family Center $200,000 each through its Neighborhood Excellence Initiative's Neighborhood Builder award. Five local leaders recognized by the bank through its Local Heroes category were given $5,000 each to donate to a nonprofit of their choice. Shares of BAC began the week off 54 cents or 2.56% to $20.53 on Monday.

American International Group, Inc., (NYSE:AIG) through its subsidiaries, provides insurance and financial services in the United States and internationally. It operates in four segments: General Insurance, Life Insurance and Retirement Services, Financial Services, and Asset Management

* The new chief executive of American International Group resigned Monday from the board of Boeing. Edward M. Liddy offered his resignation based on his concerns that he would no longer qualify as an independent Boeing director, the aircraft manufacturer said. It cited New York Stock Exchange director independence standards. Shares of AIG plunged 35 cents or 20.59% to $1.35 on Monday.

JPMorgan Chase & Co., (NYSE:JPM) a financial holding company, provides a range of financial services worldwide. The company operates through six segments: Investment Bank, Retail Financial Services, Card Services, Commercial Banking, Treasury and Securities Services, and Asset Management.

* JP Morgan said Monday that Charlie Scharf, Chief Executive Officer, Retail Financial Service, will present at the Banc Analysts Association of Boston Conference at the Langham Hotel in Boston, MA on Thursday, November 6, 2008 at 11:45 a.m. (Eastern). Shares of JPM feel $1.43 or 4.04% to $34.00 on Monday.

* The Financial Times reported on its website on Sunday that Chief Executive Lloyd Blankfein called Citigroup head Vikram Pandit last month about a possible merger, but Pandit immediately rejected the proposal. The stock closed down last week by 20% and began this week off down 41 cents or 3.38% to $11.73 on Monday.

For an in-depth market analysis on each individual, hard to borrow stock, tune in daily to LocateStock TV, on http://www.locatestock.com/pressrelease.html

CONTACT: pressrelease@locatestock.com / 201-332-6800

SOURCE: Locate Stock, LLC

posted by LOCATESTOCK @ 11:40 AM 0 Comments Links to this post

Monday, October 27, 2008

LocateStock.com Daily High 5 For Monday October 27, 2008

Jersey City, NJ – October 27, 2008

The LocateStock.com HIGH 5 for Monday, October 27^th are:

5 – Goldman Sachs – NYSE:GS

4 – Wells Fargo – NYSE:WFC

3 – JP Morgan – NYSE:JPM

2 – Banc of America – NYSE:BAC

1 – Citigroup – NYSE:C

* Goldman Sachs Group said last Thursday it's cutting about 10% of its work force amid the ongoing downturn in the credit and lending markets. On Friday shares of Goldman tumbled before the bell and continued the sell off throughout the day. GS closed down $8.18 or 7.53% to $100.40.

* Shares of national banks tumbled Friday, reflecting deep declines in the broader market, as anxiety grows over the potential for a global economic recession. Traders fled stocks after a massive sell-off overseas, which was sparked by glum outlooks from Sony and Daimler. Shares of WFC fell 42 cents or 1.34% to $30.91 on Friday.

* On Friday Bank of America reached out to Merrill Lynch's 15,500 financial advisers, offering retention packages to the group which the bank has described as Merrill's "crown jewel". Shares of BAC plunged $1.93 or 8.39% to $21.07 during Friday's sell-off. The stock closed the week down nearly 16%.

* The Financial Times reported on its website on Sunday that Chief Executive Lloyd Blankfein called Citigroup head Vikram Pandit last month about a possible merger, but Pandit immediately rejected the proposal. Shares of Citi dropped 97 cents or 7.40% to $12.14 during Friday's market sell-off. The stock closed down almost 20% last week.

For an in-depth market analysis on each individual, hard to borrow stock, tune in daily to LocateStock TV, on http://www.locatestock.com/pressrelease.html

CONTACT: pressrelease@locatestock.com / 201-332-6800

SOURCE: Locate Stock, LLC

posted by LOCATESTOCK @ 11:14 AM 0 Comments Links to this post

Friday, October 24, 2008

LocateStock.com Daily High 5 For Friday October 24, 2008

Jersey City, NJ – October 24, 2008

The LocateStock.com HIGH 5 for Friday, October 24^th are:

5 – Goldman Sachs – NYSE:GS

4 – Micron Technology – NYSE:MU

3 – Dynegy – NYSE:DYN

2 – Banc of America – NYSE:BAC

1 – Citigroup – NYSE:C

* Goldman Sachs Group said Thursday it's cutting about 10% of its work force amid the ongoing downturn in the credit and lending markets. Goldman Sachs will cut about 3,260 jobs. Shares of GS fell $6.13 or 5.34% to $108.58.

Micron Technology, Inc. (NYSE:MU) engages in the manufacture and marketing of semiconductor devices worldwide. Its products include dynamic random access memory (DRAM) products that provide data storage and retrieval, which include DDR and DDR2, synchronous DRAM, and other specialty memory products, such as mobile DRAM, pseudo-static RAM, and reduced latency DRAM.

* Last week Moody's Investors Service cut Micron Technology's credit rating further into "junk" status because the chip maker took on extra debt to purchase part of a Taiwanese competitor. Moody's lowered the rating to "B1" from "Ba3." Shares of MU plunged 42 cents or 9.68% to $3.92 on Thursday.

Dynegy, Inc., (NYSE:DYN) through its subsidiaries, engages in the production and sale of electric energy, capacity, and ancillary services in the United States. It sells electric energy on a wholesale basis from its natural gas-fired, coal-fired, and oil-fired power generation facilities.

* Dynegy will disclose its financial risks from global climate change under an agreement with the state of New York, former U.S. Vice President Al Gore and New York Attorney General Andrew Cuomo said on Thursday. Shares of DYN rose 24 cents or 8.82% to $2.96 on the news.

* Banks stocks fell worldwide on Thursday as concerns swelled that soaring loan losses, tight credit and deteriorating economies would overwhelm lenders' efforts to cut costs and preserve capital. Shares of BAC rose 34 cents or 1.50% to $23.00.

* Shares of national banks fell Thursday, during another erratic Wall Street session marked by growing signs of a weakening economy. According to data released Thursday by foreclosure listing service RealtyTrac, the number of foreclosure filings jumped 71% in the third quarter from the year-ago period. Citigroup fell 21 cents or 1.58% to $13.11 on Thursday. The stock is down more 12% this week.

For an in-depth market analysis on each individual, hard to borrow stock, tune in daily to LocateStock TV, on http://www.locatestock.com/pressrelease.html

CONTACT: pressrelease@locatestock.com / 201-332-6800

SOURCE: Locate Stock, LLC

posted by LOCATESTOCK @ 9:40 AM 0 Comments Links to this post

Thursday, October 23, 2008

LocateStock.com Daily High 5 For Thursday October 23, 2008

Jersey City, NJ – October 23, 2008

The LocateStock.com HIGH 5 for Thursday, October 23^rd are:

5 – Wachovia – NYSE:WB

4 – JP Morgan Chase – NYSE:JPM

3 – Wells Fargo – NYSE:WFC

2 – Banc of America – NYSE:BAC

1 – Citigroup – NYSE:C

* Wachovia reported a miserable third quarter on Wednesday. The bank reported a net loss of $23.9 billion during the quarter, after taking an $18.8 billion goodwill impairment charge ahead of the Wells Fargo deal's completion in the fourth quarter. Shares of WB lost 38 cents or 6.24% to $5.71 on the news.

* JP Morgan hired two senior ex-Lehman Brothers employees on Wednesday to head its global oil trading and marketing divisions, according to an internal company note obtained by Reuters. Shares of JPM lost $2.57 or 6.47% to $37.17 on the news.

* On Wednesday Wells Fargo Chairman Dick Kovacevich said he expects governments around the world to do whatever necessary to restore normal functioning of the global financial system. The banker anticipates the nation will emerge from recession early next year. Shares of WFC lost $1.34 or 4.11% to $31.30 on the call.

* The Bank of America board approved Pricewaterhouse Coopers as Countrywide Financial's independent accountant on Wednesday. According to a Countrywide filing with the SEC, PricewaterhouseCoopers is BofA's principal accountant. Shares of BAC fell $1.31 or 5.47% to $22.66 on Wednesday and are down more than 7% so far this week.

* Citigroup shares skidded again on Wednesday after Goldman Sachs slapped the stock with a "sell" rating, recommending a paired trade: That investors sell Citigroup short and buy Morgan Stanley shares. Citigroup fell 86 cents or 6.06% to $13.32 on the news. The stock is down almost 12% so far this week.

For an in-depth market analysis on each individual, hard to borrow stock, tune in daily to LocateStock TV, on http://www.locatestock.com/pressrelease.html

CONTACT: pressrelease@locatestock.com / 201-332-6800

SOURCE: Locate Stock, LLC

posted by LOCATESTOCK @ 11:22 AM 0 Comments Links to this post

Wednesday, October 22, 2008

LocateStock.com Daily High 5 For Wednesday October 22, 2008

Jersey City, NJ – October 22, 2008

The LocateStock.com HIGH 5 for Wednesday, October 22^nd are:

5 – Morgan Stanley – NYSE:MS

4 – Wells Fargo – NYSE:WFC

3 – Nasdaq OMX Group – NASDAQ:NDAQ

2 – Banc of America – NYSE:BAC

1 – Citigroup – NYSE:C

* Goldman Sachs analyst William Tanona advised investors Tuesday to sell Citigroup shares because the bank will struggle to make money over the next year. Goldman also put Citi on its "Conviction Sell List," highlighting that the shares are more expensive than rivals such as Morgan Stanley. Based on such valuation discrepancies, Goldman recommended a pair trade in which clients sell Citi stock and buy Morgan Stanley shares. Shares of MS rose 43 cents or 2.18% to $20.20 on Tuesday. The stock is up 5% this week.

* A lawsuit seeking to block the sale of Wachovia to Wells Fargo has been filed in a North Carolina court on Tuesday. One reason for the suit is a move by Wachovia to allot Wells Fargo 39.9 percent of preferred stock for the vote, which means only about 11 percent of shareholders need to approve the deal rather than 51 percent. Shares of WFC rose 41 cents or 1.27% to $32.64 on Tuesday.

The NASDAQ OMX Group, Inc. (NASDAQ:NDAQ) provides trading, exchange technology, and public company services worldwide. It offers trading across various asset classes, including equities, derivatives, debt, commodities, structured products, and exchange traded funds; capital formation solutions; financial services and exchanges technology; market data products; and financial indexes.

* Last week, the parent company of the Nasdaq Stock Market filed a request with the U.S. Securities and Exchange Commission to temporarily suspend the minimum price requirement that protects listed companies from becoming penny stocks. Shares of NDAQ fell 35 cents or 1.05% to $33.09 on Tuesday.

* Merrill Lynch's head of strategy will likely leave the bank with as much as $25 million in compensation, while three other top executives are set to stay at the firm once it combines with Bank of America. Shares of BAC fell 43 cents or 1.76% to $23.97 on Tuesday but are still up on the week.

* Citigroup shares skidded Tuesday after Goldman Sachs slapped the stock with a "sell" rating, recommending a paired trade: That investors sell Citigroup short and buy Morgan Stanley shares. Citigroup fell 91 cents or 6.03% to $14.18 on the news.

For an in-depth market analysis on each individual, hard to borrow stock, tune in daily to LocateStock TV, on http://www.locatestock.com/pressrelease.html

CONTACT: pressrelease@locatestock.com / 201-332-6800

SOURCE: Locate Stock, LLC

posted by LOCATESTOCK @ 12:50 PM 0 Comments Links to this post

Tuesday, October 21, 2008

LocateStock.com Daily High 5 For Tuesday October 21, 2008

Jersey City, NJ – October 21, 2008

The LocateStock.com HIGH 5 for Tuesday, October 21^st are:

5 – JP Morgan – NYSE:JPM

4 – Morgan Stanley – NYSE:MS

3 – Wells Fargo – NYSE:WFC

2 – Banc of America – NYSE:BAC

1 – Citigroup – NYSE:C

JP Morgan Chase & Co., (NYSE:JPM) a financial holding company, provides a range of financial services worldwide. The company operates through six segments: Investment Bank, Retail Financial Services, Card Services, Commercial Banking, Treasury and Securities Services, and Asset Management.

* On Monday, credit ratings agency Fitch Ratings said the government's move to inject $25 billion apiece in JP Morgan Chase, Bank of America, Citigroup and Wells Fargo should help boost investor confidence, while reducing the amount of bank credit downgrades. Shares of JPM began the week up $1.33 or 3.38% to $40.66.

* Morgan Stanley has managed to lure some top financial advisers from rival firms including Merrill Lynch. Two three-person teams have moved from Merrill Lynch to Morgan Stanley's Lake Oswego, Oregon, office, while Merrill's 16,000 other advisers are waiting to hear of retention offers from Bank of America. Shares of MS rose 53 cents or 2.75% to $19.77 on Monday.

* Bank of America's takeover of Merrill Lynch will lead to thousands of job losses, according to Merrill Lynch's CEO, John Thain. Thain said that most of the job cuts to come in information technology, operations and finance. Shares of BAC began the week up $1.16 or 4.99% to $24.40.

* A U.S. jury on Monday found Parmalat SpA had defrauded Citigroup in a case stemming from the Italian dairy company's 2003 collapse, and awarded the bank $364.2 million in damages. The 6-1 verdict was handed down by a New Jersey state court jury after a trial lasting several months. Shares of C rose 21 cents or 1.41% to $15.09 on the news.

For an in-depth market analysis on each individual, hard to borrow stock, tune in daily to LocateStock TV, on http://www.locatestock.com/pressrelease.html

CONTACT: pressrelease@locatestock.com / 201-332-6800

SOURCE: Locate Stock, LLC

posted by LOCATESTOCK @ 10:59 AM 0 Comments Links to this post

Monday, October 20, 2008

LocateStock.com Daily High 5 For Monday October 20, 2008

Jersey City, NJ – October 20, 2008

The LocateStock.com HIGH 5 for Monday, October 20^th are:

5 – JP Morgan – NYSE:JPM

4 – Wells Fargo – NYSE:WFC

3 – Morgan Stanley – NYSE:MS

2 – Banc of America – NYSE:BAC

1 – Citigroup – NYSE:C

JP Morgan Chase & Co., (NYSE:JPM) a financial holding company, provides a range of financial services worldwide. The company operates through six segments: Investment Bank, Retail Financial Services, Card Services, Commercial Banking, Treasury and Securities Services, and Asset Management.

* JP Morgan Chase on Thursday became the largest U.S. bank by assets, surpassing long-time leader Citigroup. Shares of JP Morgan lost $1.16 or 2.86% to $39.33 and closed the week down more than 6%.

* Wells Fargo and the Neighborhood Assistance Corporation of America announced Friday a joint initiative to help Wells Fargo homeowners behind on their mortgage payments. NACA and Wells Fargo will work with borrowers to achieve an affordable mortgage payment to keep customers in their homes over the long-term. The stock lost $1.84 or 5.43% to $32.06 on Friday.

* Shares of Morgan Stanley rose 99% last week despite the American Bankers Association erroneously reporting the bank would not be eligible to participate in a Federal Deposit Insurance Corp program to guarantee unsecured bank debt. Shares rose 55 cents or 2.94% to $19.24 on Friday.

* On Friday the U.S. Department of Justice approved