Bank Stocks 2/5/09 February 5, 2009 BAC, STT

Today, 2/5/09, some of the bank stock are weak as stocks get set to open in about an hour. I continue to watch Bank of America ( BAC ) for signs of a rebound. It seems as though whatever BAC does, the market follows.

Banking Stock Update - February 5th, 2009

State Street ( STT ) - $23.60 Down 2.2% - State Street has come out this morning and cut their dividend to $0.01 per share. STT hit a low of $22.20 on this news in early trading but has since bounced higher.

Deutsche Bank (DB) - $25.60 Down 6.2% - Deutsche Bank details trading hit in final quarter, losses big in 4th Quarter.

Bank of America ( BAC ) - $4.60 Down 2.13% - BAC continues its slide under $5 as fears of Mutual Fund liquidation. This happened to Citigroup ( C ) when it went under $5....some Mutual Funds are forced to sell out.

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