Half way through the trading day the volumes are running high at the New York Stock Exchange as a number of major names are in the news.
Citigroup (NYSE:C) has traded almost four hundred million so far today, with investors seeing gains of about five percent so far.
Shares of CIT Group (CIT) spiked higher just after 11:00 AM as a flurry of volume hit the tape. More than eighty million shares have traded hands so far today and the stock has climbed an impressive fifteen percent.
Fannie Mae (FNM) shares have been oscillating around the $1.74 mark all morning, holding on to gains of about three and a half percent. Traders sent shares back and forth over seventy five million times so far.
While Bank of America (NYSE:BAC) has caught the attention of the US government in recent weeks, it has done so without losing much steam. Shares of BAC continue to rise, gaining another two percent this morning one seventy five million shares of volume.
And despite the downgrades in recent weeks, shares of AIG have gained another six and a half percent today, crossing the fifty dollar mark. Almost sixty million shares have changed hands today.
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