Bank Stocks 2/23/09 February 23, 2009

Today, 2/23/09, the bank stocks are going up on a short squeeze after news that the Government is looking to increase their stake in Citigroup common stock by as much as 40%. This is one more step closer toward nationalization.


Banking Stock Update - February 23, 2009 - Pre Market

Fifth Third Bancorp ( FITB ) - $1.22 Up 18.45% - FITB is getting a nice short squeeze due to the Citi news.

Citigroup ( C ) - $2.36 Up 21.06% - US stock index futures pointed to a higher open Monday as shares of Citigroup gained following reports the government could up its stake in the Wall Street giant.

Hartford Financial ( HIG ) - $7.40 Up 9% - HIG going up because the of Citigroup news

Bank of America ( BAC ) - $4.24 Up 11.87% - BAC up on the Citi news.


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