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Financial Stocks Leading the Market (Citigroup Inc., Bank of America Corporation, Morgan Stanley)

Posted by admin 1094 days ago (http://emailwire.com)

(EMAILWIRE.COM, May 26, 2010 ) Dallas, Tx - PennyStockPickAlert, publishers of free stock alerts, announces top financial stock performers of the morning session. The U.S. financial sector climbed in the opening session on Wednesday, building on the snap-back rally from the previous session on expectations financial reform won't require banks to spin off their derivatives businesses. Citigroup Inc. (NYSE:C) is the biggest percentage gainer and climbed 4.50% to $3.95 with over 276 million shares within first hour of trading session. Today there is talk that The Qatar Investment Authority, a sovereign wealth fund, has expressed interest in buying part of the U.S. Treasury's stake in Citigroup (C:NYSE) , potentially boosting efforts to sell the shares amid the global rout in banking stocks, people familiar with the matter said. So far this year, the stock has outperformed the broader market and surged about 19% versus a fall of 3.50% in S&P 500. To subscribe to these free stock alerts, go to http://www.PennyStockPickAlert.com. Bank of America Corporation (NYSE:BAC) is also moving up in today's session and now up 3% to $15.96 with over 42 million shares. Today's buying came following the stock has corrected over 10% over the past two weeks with the broader market weakness. So far this year, the stock is up over 5.50%, while it has recovered over 50% from its 52-week low of $10.57 in the month of May 2009. Morgan Stanley (NYSE:MS) is the another financial stock which is showing some strength in the morning session and climbed 3.10% to $26.92 with over 3.60 million shares. Over the past 2-week, the stock has fallen about 9.50%. So far in 2010, the stock has underperformed the wider market and has slid about 9%. ABOUT http://www.PennyStockPickAlert.com Penny Stock Pick Alert offers stock newsletters on various hot financial stocks of the day. Our stock news alerts help investors in making the wise stock market investments. Till date thousands of our subscribers have made huge gains using our daily penny stock alerts. You can become leader in stock market by keeping track of the daily activity. Disclaimer: The assembled information disseminated by PennyStockPickAlert.com is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. PennyStockPickAlert.com does expect that investors will buy and sell securities based on information assembled and presented in PennyStockPickAlert.com. PLEASE always do your own due diligence, and consult your financial advisor. PennyStockPickAlert.com Robert Wilson 214 556 6798 info@pennystockpickalert.comSource: EmailWire.Com