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Article: Bank Stocks Up, Perhaps a Wee Bit Early - Analyst Blog
- Article from:
- Zacks Investment Research - Analyst Blog
- Article date:
- March 10, 2009
- Author:
CopyrightCopyright 2009 Zacks Investment Research. (Hide copyright information)
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Bank Stocks Up, Perhaps a Wee Bit Early - Analyst Blog
Headlines, to include Ben Bernake's statement and expectations for Thursday's U.S. House Financial Services Subcommittee on potentially revamping the mark-to-market accounting rules, today helped to stimulate a better than 30% inter-day movement in the shares of
Citigroup
(
C
), as well as positive price movement in other financial entities, including, but not limited to,
Bank of America
(
BAC
),
JP Morgan
(
JPM
),
Comerica
(
CMA
) and
State Street
(
STT
). We suspect financials could experience lift through this Thursday.
But to paraphrase Hans Solo and Yogi Berra --- While Citigroup's share price movement is ÂGreat, let's not get ...