Wednesday, November 19, 2008

S&P 500 and the Bank Stocks

If we look at Bank of America (BAC) vs. JP Morgan Chase (JPM) and the S&P 500 JPM is clearly leading in performance over the last 6 months. Below I show some YTD comparisons with Citigroup. Citigroup is the worst performing stock in that respect.

So my question here is "Why is JPM outperforming BAC so much, ESPECIALLY in the last few weeks. Their stock is only off 15% but BAC is off nearly 25%. Is the market saying something?" Why does the analyst at Institutional Risk Analytics think JPM and Citigroup need to go back to the Feds and not BAC? The charts/market seem to indicate a different scenario.;range=ytd;compare=jpm+c+^gspc;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined

Dan Ross

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