Market Rallies Without the Banks
- Joshua M Brown
- December 1st, 2009
Did you happen to notice that today's triple digit rally happened without the banks? JPMorgan cut estimates on its peers in financialville and no one seemed to care.
Here's what some of the Money Center banks did on the day:
| Laggards in Price Performance (Intraday) | |
| SUNTRUST BANKS [sti] | -1.82% |
| T C F FINANCIAL CORP [tcb] | -1.75% |
| ORIENTAL FIN GROUP [ofg] | -1.55% |
| P N C FIN SVCS GR [pnc] | -1.35% |
| United Bancshares, Inc. [uboh] | -0.87% |
| JP MORGAN CHASE CO [jpm] | -0.64% |
| CITIGROUP INC [c] | -0.24% |
| WELLS FARGO & CO NEW [wfc] | -0.18% |
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The Reformed Broker is a blog about Wall Street, the economy, politics and anything else. Joshua Brown has been managing money for high net worth clients, charitable foundations, corporations and retirement plans. (More »)
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