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Wall St. Stocks Slump After Obama Victory

November 7, 2012

[ by Melanie Gretchen ]

The Morning After: President Obama won a second term, while Wall Street is down in early trading.

Wall Street experienced a drop in shares during early trading on Wednesday, in anticipation of continued tougher regulations during President Obama's second term.  Let's look at some of the nation's biggest players after the opening bell.

Banks and financial firms

  • Morgan Stanley: down 4%
  • Bank of America: down 3.8%
  • Goldman Sachs: down 3.8%
  • JPMorgan Chase: down 3.1%
  • Citigroup: down 2.7%
  • Wells Fargo: down 1.7%

Mergers advisory specialists

  • Evercore Partners: down 5%
  • Greenhill & Company: down 2.6%
  • Lazard: down 1.4%

Publicly traded private equity firms, an industry in which Mitt Romney worked

  • Kohlberg Kravis Roberts: down 5.5%
  • Apollo Global Management: down 4%
  • Blackstone Group: down 3.5%

For further details, go to [Dealbook, 11/7/12].