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MONDAY, NOVEMBER 23, 2009
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PREMIUM NEWS ARCHIVE

After Monday Surge, Bank Stocks Slide.(Market Monitor)(KBW Inc.)(Brief article)

Article from: American Banker Article date: March 25, 2009 Author: Kuehner-Hebert, Katie

Byline: Katie Kuehner-Hebert

Bank stocks fell Tuesday, a day after one of their strongest rallies.

The KBW Bank Index fell 7.25%. On Monday the index soared 18.59% on the long-awaited release of the Treasury Department's public-private partnership plan to buy banks' bad assets.

The Dow Jones industrial average fell 1.49% and the Standard & Poor's fell 2.01%. Both posted huge gains Monday.

JPMorgan Chase & Co. fell 8.8%; Bank of America Corp. fell 7.2%; Citigroup Inc. fell 13 cents, to $3; Wells Fargo & Co. fell ...

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