- 2012 Status of Publicly Traded Banks -
Back in 2009 we noted the extraordinary rebounds in stock price some of the country’s most well-known banks encountered. The largest of them was Bank of America who saw it’s share price rise almost 600 percent from it’s all time low. Today, however, we thought it was quite necessary to publicize where these same banks stand – as things have changed quite drastically.
Share prices and market capitalization (as of July 2012):
Bank of America (BAC) – $7.92 per share. Down from $16.42 per share when we originally posted this article. They have a market capitalization $84.35 billion.
Wells Fargo (WFC) – $34.12 per share. Up from $28 per share when we originally posted this article. They have a market capitalization of $181 billion.
JPMorgan Chase (JPM) – $35 per share. Down from $42 when we originally posted this article. They have a market capitalization of $142 billion.
The most notable change coming from Bank of America who has experienced the wildest roller coaster ride in stock price of all the publicly traded banks. JPMorgan has seen it’s share price fall from over $46 per share to it’s current level in less than 6 months time due to their remarkable $5.8 billion in trading losses in 2012.
- 2009 Status (from our archive)-
It’s been another positive week on wall street for the 3 largest publicly traded retail banks. Bank of America, Wells Fargo and JP Morgan Chase all saw their share price rise significantly this week.
When you look at the market caps of these three banks, you almost get the feeling we are back on track. And if you happened to catch any of these three banks at their 52 week lows (and had the balls to invest) you would have made a pretty penny.
Bank of America currently trades at $16.42 per share (up over 600% from it’s once $2.53 stock price).
Wells Fargo currently trades at $28.76 per share (up over 300% from it’s once $7.80 stock price).
JP Morgan Chase currently trades at $42.36 per share (up over 250% from it’s once $14.96 stock price).
Congrats to those that rolled the dice and invested in these institutions!