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Market Update : 
Bankers Cheer Sentiment
Author: Elena Todorova
123jump.com
Last Update: 11:04 AM EST March 14 2006



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U.S. stocks recovered from the initial decline, lifted by strong investment banks after Goldman Sachs reported 64% rise in Q1 on 61% revenue growth, beating expectations. The stock rose 4.5% and helped lift other financial shares. Procter & Gamble Co. fell 3.2% to $60.01 after the company lowered its quarterly sales expectations.

 

 

 

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