FedBank Nine Stocks

[dnalexander]

FedBank Nine Stocks
I thought I would track how the nine banks that the Feds(We) bought are doing. I created a portfolio of the 8 stocks that make up the 9 original banks. I "bought" the number of shares of each stock  to match how many billions of dollars the Feds plan to put in to the company. (Dollar amount in parentheses)

   . I will let you know how we do.

Bank of America\Merrill Lynch (NYSE: BAC) ($25 billion)
Citigroup (NYSE: C) ($25 billion)
JPMorgan Chase (NYSE: JPM) ($25 billion)
Wells Fargo (NYSE: WFC) ($25 billion)
The Goldman Sachs Group (NYSE: GS) ($10 billion)
Morgan Stanley (NYSE: MS) ($10 billion)
Bank of New York (NYSE: BK) ($3 billion)
State Street (NYSE: STT) ($2 billion)


David

This will just be a rough estimate since when the fed buys and current stock price will change. It basically should give us a basic idea how good an idea this was and if we made or lost money on the deal.

[sixdogsmom]

I will be watching this thread David; good idea! NYSE closed down at 734 agin today. This is not good news for any of us. 

[pam]

Sounds interestin