Banking Stocks Recap: Goldman Sachs Group (GS), Morgan Stanley (MS), Deutsche Bank AG (DB), JPMorgan Chase (JPM), Credit Suisse Group (CS), Bank of America (BAC), Citigroup Inc (C), UBS AG (UBS), American International Group (AIG), and Wells Fargo (WFC)

Welcome to our recap of banking stocks from Friday’s trading session. Companies that we will be looking briefly at include Goldman Sachs Group (NYSE: GS), Morgan Stanley (NYSE: MS), Deutsche Bank AG (NYSE: DB), JPMorgan Chase (JPM), Credit Suisse Group (NYSE: CS), Bank of America (NYSE: BAC), Citigroup Inc (NYSE: C), UBS AG (NYSE: UBS), American International Group (NYSE: AIG), and Wells Fargo (NYSE: WFC).

Banking Stocks Recap: Goldman Sachs Group (NYSE: GS), Morgan Stanley (NYSE: MS), Deutsche Bank AG (NYSE: DB), JPMorgan Chase (NYSE: JPM), Credit Suisse Group (NYSE: CS), Bank of America (NYSE: BAC), Citigroup Inc (NYSE: C), UBS AG (NYSE: UBS), American International Group (NYSE: AIG), and Wells Fargo (NYSE: WFC)

Goldman Sachs were the main investment bank under watch on Friday and the brutal investigation conducted by the SEC has really affected the Goldman Sachs Group, even if it doesn’t face any major penalties, its reputation has definitely been affected. Goldman Sachs (NYSE: GS) stocks fell 9.39% to 145.2.

Morgan Stanley (NYSE: MS) shares plunged 3.48% to 30.22 after seeing flat revenues in Q1 and a $14 million fine for its unreported oil trade.

Deutsche Bank AG fell to 68.68 on Friday, a 3.72% drop for the day. The company had seen profits surge 49% for Q1 2010 earlier in the week.

JPMorgan Chase (NYSE: JPM) shares stood at 42.58 at the end of trading on Friday following a 3.23% fall. On April 14th, JPMorgan had announced quarter 4 profits had risen by 55%.

Credit Suisse Group (NYSE: CS) dropped 2.66% to 45.7. The Swiss bank had a 2% increase in net profits in the first quarter and also announced a new CFO – David Mathers.

Bank of America (NYSE: BAC) stood at 17.83, a 2.57% drop after Friday’s session of trading. The company announced a new chairman during the week.

Citigroup Inc (NYSE: C) fell a whopping 4.17% to 4.37 on Friday. News for the company included the Treasury Department unloading 1.5 billlion dollars worth of its Citigroup stock and the company’s CEO writing a letter to President Barack Obama supporting his ambitions of bringing reform to financial markets.

UBS AG (NYSE: UBS) sahres fell by 2.16% to 15.42. Early reports suggest that in next weeks Q1 results, UBS will announce results that beat out analyst expectations, so expect the company’s stock to rise.

American International Group (NYSE: AIG) shares had a rocky week, it rebounded 5.7% in early trading earlier in the week, recovering from the sell-off triggered by Keefe Bruyette & Woods which downgraded the insurer to underperform. On Friday, AIG went down 3.31% and closed the week at 38.9.

Wells Fargo & Company (NYSE: WFC) posted $2.5 billion in profits, beating out Wall Street expectations. It also couldn’t escape a narrow loss of 0.36% on Friday with the toxic cloud surrounding Goldman affecting all banks and most stocks.

That covers our look at the major banks. Stay tuned next weekend as we see how Goldman Sachs Group (NYSE: GS), Morgan Stanley (NYSE: MS), Deutsche Bank AG (NYSE: DB), JPMorgan Chase (NYSE: JPM), Credit Suisse Group (NYSE: CS), Bank of America (NYSE: BAC), Citigroup Inc (NYSE: C), UBS AG (NYSE: UBS), American International Group (NYSE: AIG), and Wells Fargo (NYSE: WFC)
fare in the first week of May.