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Entries for December, 2008

Bank Stock Roundup - December 31, 2008

Stocks increased today, ending a dismal 2008 on a positive note.  The KBW Banking Index rose 3.21% and the KBW Regional Banking Index rose 3.88%. The broader S&P 500 Index was up 1.42%.

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Bank Stock Roundup - December 30, 2008

Stocks increased today, as investors shrugged off a disappointing reading on the Consumer Confidence index, which reached a record low.  The KBW Banking Index rose 3.62% and the KBW Regional Banking Index rose 3.74%. The S&P 500 Index was up a somewhat smaller 2.44%.

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Bank Stock Roundup - December 23, 2008

Stocks declined today on poor economic data and light trading volume.  Sales of new homes fell in November to the slowest pace in almost 18 years, while prices also dropped.  The KBW Banking Index fell 2.00% and the KBW Regional Banking Index fell 1.03%. The broader S&P 500 Index was down 0.97%.

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Bank Stock Roundup - December 22, 2008

Banking stocks declined today, as the KBW Banking Index fell 3.25% and the KBW Regional Banking Index fell 1.55%. The broader S&P 500 Index was down 1.83%.

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Bank Stock Roundup - December 19, 2008

Stocks were mixed today, as the KBW Banking Index fell 0.91% but the KBW Regional Banking Index rose 0.50%. The broader S&P 500 Index was up 0.29%.

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Bank Stock Roundup - December 18, 2008

Stocks declined today after Standard & Poor’s Rating Service lowered its outlook on General Electric to negative. The KBW Banking Index fell 2.80% and the KBW Regional Banking Index fell 1.17%. The broader S&P 500 Index was down 2.12%.

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Bank Stock Roundup - December 17, 2008

Stocks declined today after Morgan Stanley posted a larger-than-expected loss for the fiscal fourth quarter. The KBW Banking Index fell 1.64% and the KBW Regional Banking Index fell 0.86%. The broader S&P 500 Index was down 0.96%.

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