Bank Stock Roundup - February 2, 2009
Bank stocks were mixed today, as the KBW Banking Index fell 0.70% but the KBW Regional Banking Index was up 0.28%. The broader S&P 500 Index was down 0.05%.
The Bank Index was led lower by Huntington Bancshares Incorporated, Regions Financial Corporation, and M&I, which were down 29.86%, 15.61%, and 14.19%, respectively. The best performers of the day were Capital One, Bank of New York Mellon, and Northern Trust Corporation, which had gains of 6.25%, 5.59%, and 4.90%.
Lagging on the day for the Regional Banking Index were Sterling Financial Corporation, Frontier Financial Corporation, and Synovus Financial, which were down 17.30%, 10.73%, and 9.09%, respectively. The best performers of the day were Glacier Bancorp, UCBH Holdings, and Trustmark Corporation, which had gains of 6.51%, 5.58%, and 5.12%.
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