Thursday, May 28, 2009
Alex Dumortier,CFA :: Townhall.com Columnist
Bank Stock Investors: Listen to the FDIC!
by Alex Dumortier,CFA
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The results of the government's stress tests appear to have reassured investors. Bank stocks have enjoyed a massive rally since the market's March 9 low:

Bank

Market Value

Return since March 9

JPMorgan Chase (NYSE:JPM)

$137.4 billion

130%

Wells Fargo (NYSE:WFC)

$120.7 billion

157%

Goldman Sachs Group (NYSE:GS)

$71.5 billion

92%

Bank of America (NYSE:BAC)

$70.3 billion

193%

US Bancorp (NYSE:USB)

$36.1 billion

87%

Bank of New York Mellon (NYSE:BK) Continued...
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Alex Dumortier, CFA, is a Motley Fool Contributor.

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