Today, 2/20/09, the bank stocks are getting hit hard once again as the stock market plunges to new lows today. Meredith Whitney said on CNBC yesterday that she would still sell Citi at $2.50. It appears that Wall Street is pricing in nationalization.
Banking Stock Update - February 20th, 2009 - Pre Market
Citigroup C - $2.32 Down 7.52%
Bank of America BAC - $3.60 Down 8.4%
Wells Fargo WFC - $11.21 Down 6.66%
Goldman Sachs GS - $83.75 Down 2%
Morgan Stanley MS - $19.34 Down 1.90%
JP Morgan JPM - $19.81 Down 3.83%
Financial Bear 3X FAZ - $77.40 Up 10.50%
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