Bank Stock Roundup - November 26, 2008
Banking stocks increased for the fourth consecutive day, as the KBW Banking Index rose 3.92% and the KBW Regional Banking Index rose 1.62%. The broader S&P 500 Index was up 3.53%.
Banking stocks increased for the fourth consecutive day, as the KBW Banking Index rose 3.92% and the KBW Regional Banking Index rose 1.62%. The broader S&P 500 Index was up 3.53%.
Bank stocks increased today, as the KBW Banking Index rose 2.78% and the KBW Regional Banking Index rose 1.34%. The broader S&P 500 Index was up 0.66%.
Bank stocks soared today as the federal government agreed to rescue Citigroup by guaranteeing a pool of $306 billion in troubled assets and injecting $20 billion in new capital. The KBW Banking Index rose 17.72% and the KBW Regional Banking Index rose 11.78%. The broader S&P 500 Index was up 6.47%.
Stocks increased today, as the KBW Banking Index rose 0.52% and the KBW Regional Banking Index rose 5.19%. Bank stocks lagged the broader S&P 500 Index, which was up 6.32%.
Stocks again fell sharply today, as the KBW Banking Index fell 9.60% and the KBW Regional Banking Index fell 5.91%. The broader S&P 500 Index was down 6.71% to its lowest level since 2002.
Stocks declined sharply again today, as the KBW Banking Index fell 11.08% and the KBW Regional Banking Index fell 7.98%. The broader S&P 500 Index was down 6.12%, hitting its lowest level since 2003.
Stocks were mixed today, as the S&P 500 Index increased 0.98%. Bank stocks, however, declined overall as the KBW Banking Index fell 0.95% and the KBW Regional Banking Index fell 0.44%.