Profits and Balance Sheet Developments at U.S. Commercial Banks in 2006
Figure 16. Bank stock prices, by market value of bank, and the S&P 500, 2001-07. Data plotted as curves. Indexed data, January 2006 = 100. The price for the 50 largest banks starts in 2001 at about 75, declines on balance to about 65 in early 2003, rises on balance to nearly 100 in late 2004, stays at about that level through early 2006, and then rises on balance to a level of around 115 in March 2007. The price for the 225 largest banks starts in 2001 at about 45, rises on balance to about 60 in mid-2002, declines on balance to about 50 in early 2003, rises on balance to about 100 in late 2004, oscillates between about 85 and 100 through early 2006, rises on balance to a level of around 115 in early 2007, and then drops to a level of around 110 in March 2007. The price for the S&P 500 begins in 2001 at about 105, declines on balance to about 65 in early 2003, and then rises on balance to about 110 in March 2007.
NOTE: The data are monthly and extend through March 2007. Stock prices are weighted by market value.
SOURCE: Standard & Poor's and American Banker.