Shares closed at $145.20 on Friday, the lowest close since the latest SEC debacle came up.  Shares are up 1.5% at $147.33 on about 300,000 shares as of 8:41 AM EST.

JON OGG

JON C. OGG

UPDATE 9:22 AM EST: GS shares are up 1.95% at $166.52 on over 2.1 million shares.

• TIME 8:07 AM EST: we are checking the trading volume because we saw more shares than this almost 30 minutes ago… At 8:07 are up 0.8% at $164.62 on just over 250,000 shares.
• 7:40: Shares are up at $164.00 after a $163.32 close and we have already seen 380,000 shares trade hands.

REVENUES & OPERATIONS
Investment Banking Revenue Rose 44% To $1.18B
Financial Advisory Revenue Fell 12% To $464M
Return On Avg Common Equity 20.1%
Trading & Principal Investments Revenue Rose 43% To $10.25B
FICC Revenue Rose 13% To $7.39B
Equities Revenues Rose 18% To $2.35B
Equity Underwriting Revenues $371M
Debt Underwriting Revenues $349M
Total Underwriting Revenues $720M
Securities Services Revenues Fell 21% To $395M
Compensation/Benefits Expenses 43% Of Net Revenues
Non-Compensation Expenses $2.12B
Operating Expenses Rose 12% To $7.62B

CAPITAL METRICS:
Total Capital $253.35B
Tier 1 Capital Ratio Under Basel I 15%; Tier 1 Common Ratio Under Basel I 12.4%
Bought Back 13.2M Shares For $2.27B
Total Assets $881B
Level 3 Assets About $45B, or about 5.1%;
Total Capital $253.35B
Average Global Core Excess Liquidity $162B

JON OGG

JON OGG

JON C. OGG

• Direxion Daily Financial Bear 3X Shares (NYSE: FAZ) is up almost 8.7% at $11.99 on 158,000,000 shares at 2:11 PM EST.
• Direxion Daily Financial Bull 3X Shares (NYSE: FAS) is down 8.5% at $106.50 on 39.4 million shares.  That is far from a record in trading volume for the year because traders tend to bet directional in these.

March 11, 2010 the FAZ traded 110 million shares, and this traded over 100 million shares on only 3 days in February and 2 days in January.  That is a record for the year and there is still almost 2 hours to go before the market closes.

For the FAS, the 39+ million shares is the highest Feb. 9 when it traded over 48 million shares and it had higher volume than today’s 2:11 snapshot on only 5 sessions from January 1 to before the Feb. 9 day.

If you add up the two triple-leverage ETFs, today will mark a record day for the combined volume so far in 2010.

JON C. OGG

JPMorgan Chase & Co. (NYSE: JPM) $41.0125, Down 5.50%
82 million shares versus average of 35.4 million

Bank of America Corporation (NYSE: BAC) $15.47, Down 6.19%
370 million shares versus average of 206 million

Wells Fargo & Company (NYSE: WFC) $27.56, Down 0.93%
52.5 million million shares versus average of 48 million

Citigroup, Inc.    (NYSE: C) $3.26, Down 5.78%
670 million shares versus average of 499 million

Goldman Sachs Group Inc. (NYSE: GS) $159.07, Down 5.20%
35.6 million shares versus average of 8.7 million

Morgan Stanley (NYSE: MS) $29.05, Down 5.16%
38.3 million shares versus average of 15.8 million

JON C. OGG

Bank of America (NYSE: BAC) shares are up about 5 percent to $12.50 on premaket volume of 3 million shares, after the analyst said BofA is the cheapest of the banking names, based on her analysis of tangible book value.

Also rising are shares of Goldman Sachs Group (NYSE: GS), up about 4 percent to $147 on volume of nearly 250,000 shares, after it was upgraded to Buy from Neutral by Meredith Whitney Advisory Group.

Other stocks in the group also are seeing increased volumes in the early going.

Whitney, a former analyst at Oppenheimer & Co. became well known for being one of the only bearish analysts on the banking sector back in 2007, making timely calls on stocks including Citigroup (NYSE: C). She has since started her own analytical firm, and today is publicizing her firm’s bullish views on individual stocks in the sector for the first time. — Mike Tarsala