JP Morgan, Morgan Stanley and 2 Financial Stocks Bucking the Sell Off

Financial Select Sector SPDR (NYSEARCA:XLF) is down 0.16% and stands at 12.87. Here are four stocks bucking the trend.

JP Morgan (NYSE:JPM) is bouncing back after yesterday’s strong sell off from Italy’s surging borrowing costs. The shares recently traded at $32.61, up $0.07, or 0.22%. They have traded in a 52-week range of $27.85 to $48.36. Volume today was 9,852,947 shares versus a 3-month average volume of 48,568,600 shares. The company’s trailing P/E is 6.95, while trailing earnings are $4.69 per share. Get the most recent company news and stock data here >>

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Morgan Stanley (NYSE:MS) and Goldman Sachs (NYSE:GS) are in talks to decrease the use of mark-to-market accounting. Downward swings affecting earnings have the companies considering reducing their use of mark-to-market accounting. These swings are affecting earnings, for example Goldman Sachs (NYSE:GS)¬†took an almost $1 billion mark on its fixed-income holdings in Q3. The shares of Morgan Stanley recently traded at $15.79, up $0.03, or 0.19%. They have traded in a 52-week range of $11.58 to $31.04. Volume today was 9,803,629 shares versus a 3-month average volume of 34,337,000 shares. The company’s trailing P/E is 10.35, while trailing earnings are $1.53 per share. Get the most recent company news and stock data here >>

Regions Financial (NYSE:RF) went back to Stifel Financial about the purchasing their Morgan Keegan unit after private-equity firms lowered their offers. A sales force of close to 3K financial advisers would be created with Mogan and Stifel together. The shares recently traded at $4.13, up $0.05, or 1.23%. They have traded in a 52-week range of $2.82 to $8.09. Volume today was 9,657,954 shares versus a 3-month average volume of 27,372,100 shares. The company’s trailing P/E is 23.74, while trailing earnings are $0.17 per share. Get the most recent company news and stock data here >>

Lincoln National (NYSE:LNC) is up simply because insurance companies are rallying after yesterday’s fierce sell off. The shares recently traded at $19.05, up $0.31, or 1.65%. They have traded in a 52-week range of $13.75 to $32.68. Volume today was 1,807,251 shares versus a 3-month average volume of 7,804,610 shares. The company’s trailing P/E is 6.09, while trailing earnings are $3.13 per share. Get the most recent company news and stock data here >>

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