Wednesday, May 06, 2009

117% Gain in KBW Bank Index Since Early March

The KBW Bank Sector (^BKX) is a capitalization-weighted index composed of 24 geographically diverse stocks representing national money center banks and leading regional institutions, including Bank of America, Citigroup, Wells Fargo, etc. (see list here).

The bank index closed above 40 today for the first time since the first week of January, and jumped by 11.5% from yesterday's close, and 20.7% over the last week. From the March 6 bottom, KBW Bank Index has increased by 117%.


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