Bank Stocks 3/2/09 March 2, 2009 - BAC

Today, 3/2/09, the bank stocks are tanking in pre market due to the AIG loss and bailout.


Banking Stock Update - March 2, 2009 - Pre Market

American Internation Group ( AIG ) - $0.50 Up 19% - AIG reported a 61 billion dollar loss for the 4th quarter and received a separate bailout today, March 2, 2009. In an effort to stop systemic risk, AIG will receive an additional 30 billion to stop the damaged insurer from going bankrupt.

Citigroup ( C ) - $1.48 Down 1.33%
Bank of America ( BAC ) - $3.58 Down 9%
HSBC ( HBC ) - $28.11 Down 19.22%
JP Morgan ( JPM ) $22.03 - Down 3.59%
Financial Bear 3x ( FAZ ) - $69.35 Up 12%

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