To Hell with the Rumor, Sell the News (Bear Collapse)

Nice simple set of data showing the change in prices from March 16, 2008 — the day Bear Stearns went belly up — to today, March 16, 2012.

JPMorgan Chase +22.3%
Wells Fargo +19.8%
Goldman Sachs (21.5%)
NYSE Euronext (50.1%)
Morgan Stanley (50.7%)
Bank of America (74.1%)
Citigroup (81.7%)

It is no coincidence that the 2 strongest banks — JPM and WFC — have fared the best, while the wo banks with the most problematic balance sheets — BAC and C — the worst.

Hat tip Capital IQ by way of Dealbook


DISCLOSURE: Clients are long JPM

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