Included with these 81 Banks were Finance Companies. I excluded Savings & Loan Companies, Security Brokers and Investment Banking/Advice Companies, and Insurance Companies.
The historical stock prices of these companies were obtained from the following two excellent internet resources.... Google Finance and MarketWatch Big Charts.
These 81 largest US Banks and Finance Companies had their average stock prices drop by a massive 67% from the midpoint of President Bush's second Presidential term on December 31, 2006 and very early in President Obama's first term, or on March 6, 2009, which was these US Banks' very lowest point resulting from the disastrous 2008 Financial Meltdown.
But nearly miraculously since March 6, 2009, the average stock prices of these same 81 largest Banks have increased by an exceptional 320% through today January 16, 2014, led by Fifth Third Bancorp, which could well be the most unethical of the 81.
Clearly, the investors in and employees of these 81 US largest Banks and Finance Companies must be extremely pleased with the financial impact of actions taken by both the Obama Administration and the US Fed, which rescued many of them from bankruptcy.....when you lose an average 67% of your market value, there is an awfully good chance that many of them were headed for the financial junk pile.
It's pretty clear to me that Ben Bernanke, other US Fed members, and many people in the Obama Administration and their outside advisers should all be given something equivalent to US Presidential Medals of Freedom for their financial rescue of a catapulting US economy headed for a certain depression.
Below are the market prices of each of these 81 largest US Banks and Finance Companies on today January 16, 2014, on March 6, 2009, and on December 31, 2006:
Market | Market | ||||||
Price | Price | ||||||
% | % | ||||||
Change | Change | ||||||
Market | Market | Market | 3-6-09 | 12-31-06 | |||
Price | Price | Price | to | to | |||
Bank or Finance Company | HQs | 1-16-14 | 3-6-09 | 12-31-06 | 1-16-14 | 3-6-09 | |
Fifth Third Bancorp | Cincinnati | OH | 21.37 | 1.29 | 40.93 | 1557% | -97% |
CapitalSource | Los Angeles | CA | 14.44 | 1.01 | 27.31 | 1330% | -96% |
Webster Financial | Waterbury | CT | 30.62 | 2.97 | 48.72 | 931% | -94% |
Huntington Bancshares | Columbus | OH | 9.63 | 1.02 | 23.75 | 844% | -96% |
East West Bancorp | Pasadena | CA | 34.36 | 3.69 | 35.42 | 831% | -90% |
Capital One Financial | McLean | VA | 76.44 | 8.31 | 76.82 | 820% | -89% |
Fannie Mae | Washington | DC | 3.28 | 0.36 | 59.39 | 811% | -99% |
Texas Capital BancShares | Dallas | TX | 63.09 | 6.94 | 19.88 | 809% | -65% |
Freddie Mac | McLean | VA | 3.17 | 0.36 | 67.90 | 781% | -99% |
Nelnet | Lincoln | NE | 40.95 | 4.75 | 27.36 | 762% | -83% |
SVB Financial Group | Santa Clara | CA | 103.33 | 12.06 | 46.62 | 757% | -74% |
American Express | New York | NY | 87.78 | 10.26 | 60.67 | 756% | -83% |
SLM Sallie Mae | Newark | DE | 27.14 | 3.28 | 48.77 | 727% | -93% |
World Acceptance | Greenville | SC | 90.39 | 11.26 | 46.95 | 703% | -76% |
Credit Acceptance | Southfield | MI | 140.55 | 18.19 | 33.33 | 673% | -45% |
BBCN Bancorp | Los Angeles | CA | 15.83 | 2.25 | 20.92 | 604% | -89% |
Bank of the Ozarks | Little Rock | AR | 56.57 | 8.53 | 16.53 | 564% | -48% |
Bank of America | Charlotte | NC | 17.08 | 3.14 | 53.39 | 444% | -94% |
Wells Fargo | San Francisco | CA | 46.39 | 8.61 | 35.56 | 439% | -76% |
Signature Bank | New York | NY | 109.86 | 20.57 | 30.98 | 434% | -34% |
Western Alliance Bancorporation | Phoenix | AZ | 22.94 | 4.32 | 34.77 | 431% | -88% |
Citigroup | New York | NY | 52.60 | 10.30 | 557.00 | 411% | -98% |
Columbia Banking System | Tacoma | WA | 27.00 | 5.55 | 35.12 | 386% | -84% |
US Bancorp | Minneapolis | MN | 41.46 | 8.82 | 36.19 | 370% | -76% |
Zions Bancorporation | Salt Lake City | UT | 29.82 | 6.48 | 82.44 | 360% | -92% |
Wintrust Financial | Rosemont | IL | 45.71 | 10.05 | 48.02 | 355% | -79% |
PNC Financial Services Group | Pittsburgh | PA | 80.93 | 18.51 | 74.04 | 337% | -75% |
PacWest Bancorp | Los Angeles | CA | 42.61 | 9.78 | 52.27 | 336% | -81% |
State Street Corp | Boston | MA | 73.72 | 17.98 | 67.44 | 310% | -73% |
SunTrust Banks | Atlanta | GA | 38.01 | 9.36 | 84.45 | 306% | -89% |
JPMorgan Chase | New York | NY | 58.99 | 15.93 | 48.30 | 270% | -67% |
Comerica | Dallas | TX | 47.43 | 12.84 | 58.68 | 269% | -78% |
First Financial Holdings | Columbia | SC | 63.81 | 17.72 | 41.73 | 260% | -58% |
M&T Bank | Buffalo | NY | 114.67 | 31.85 | 122.16 | 260% | -74% |
Regions Financial | Birmingham | AL | 10.48 | 2.94 | 37.40 | 256% | -92% |
E*Trade Financial | New York | NY | 21.29 | 6.10 | 224.20 | 249% | -97% |
International Bankshares | Laredo | TX | 25.18 | 7.63 | 28.10 | 230% | -73% |
City National | Los Angeles | CA | 77.64 | 23.68 | 71.20 | 228% | -67% |
Cathay General Bancorp | Los Angeles | CA | 25.36 | 8.08 | 34.51 | 214% | -77% |
MB Financial | Chicago | IL | 30.33 | 10.17 | 37.61 | 198% | -73% |
PrivateBancorp | Chicago | IL | 28.11 | 9.57 | 41.63 | 194% | -77% |
Prosperity Bancshares | Houston | TX | 61.91 | 21.16 | 34.51 | 193% | -39% |
First Citizens Bancshares | Raleigh | NC | 219.96 | 76.95 | 202.64 | 186% | -62% |
CVB Financial | Ontario | CA | 16.43 | 5.77 | 13.15 | 185% | -56% |
BB&T | Winston-Salem | NC | 38.73 | 13.73 | 43.93 | 182% | -69% |
BOK Financial | Tulsa | OK | 64.66 | 23.31 | 54.98 | 177% | -58% |
Community Bank System | DeWitt | NY | 38.45 | 13.93 | 23.00 | 176% | -39% |
First Midwest Bancorp | Itasca | IL | 17.12 | 6.28 | 38.68 | 173% | -84% |
Umpqua Holdings | Portland | OR | 18.32 | 6.91 | 29.43 | 165% | -77% |
First Financial Bankshares | Abilene | TX | 64.00 | 24.97 | 27.91 | 156% | -11% |
KeyCorp | Cleveland | OH | 13.53 | 5.36 | 38.03 | 152% | -86% |
Northwest Bancshares | Warren | PA | 14.65 | 6.04 | 12.20 | 143% | -51% |
Glacier Bancorp | Kalispell | MT | 28.92 | 12.21 | 24.44 | 137% | -50% |
Fulton Financial | Lancaster | PA | 12.82 | 5.51 | 16.70 | 133% | -67% |
Pinnacle Financial Partners | Nashville | TN | 31.02 | 13.76 | 33.18 | 125% | -59% |
Bank of Hawaii | Honolulu | HI | 58.78 | 26.27 | 53.95 | 124% | -51% |
United Bankshares | Charleston | WV | 29.79 | 13.79 | 38.65 | 116% | -64% |
Cullen/Frost Bankers | San Antonio | TX | 75.26 | 36.61 | 55.82 | 106% | -34% |
FNB Corp | Hermitage | PA | 12.63 | 6.21 | 18.27 | 103% | -66% |
Commerce Bancshares | Kansas | MO | 45.20 | 22.54 | 34.40 | 101% | -34% |
Park National | Newark | OH | 81.47 | 42.15 | 99.00 | 93% | -57% |
UMB Financial | Kansas City | MO | 64.23 | 34.54 | 36.51 | 86% | -5% |
Bank New York Mellon | New York | NY | 33.92 | 18.25 | 39.37 | 86% | -54% |
TCF Financial | Wayzata | MN | 16.71 | 9.00 | 27.42 | 86% | -67% |
Susquehanna Bancshares | Lititz | PA | 12.60 | 6.86 | 26.88 | 84% | -74% |
Trustmark | Jacksonville | MS | 26.20 | 14.73 | 32.71 | 78% | -55% |
National Penn Bancshares | Boyertown | PA | 10.89 | 6.24 | 19.66 | 75% | -68% |
FirstMerit | Akron | OH | 22.29 | 12.82 | 23.96 | 74% | -47% |
First Horizon National | Memphis | TN | 11.88 | 6.93 | 34.81 | 71% | -80% |
Sterling Bancorp | Montebello | NY | 13.03 | 7.73 | 14.98 | 69% | -48% |
IberiaBank | Lafayette | LA | 62.25 | 38.39 | 59.05 | 62% | -35% |
Westamerica Bancorp | San Rafael | CA | 53.61 | 34.36 | 50.63 | 56% | -32% |
NBT Bancorp | Norwich | NY | 25.01 | 16.04 | 25.51 | 56% | -37% |
Associated Banc-Corp | Green Bay | WI | 17.11 | 11.00 | 34.88 | 56% | -68% |
Old National Bancorp | Evansville | IN | 14.39 | 9.30 | 18.92 | 55% | -51% |
Hancock Holding | Gulfport | MS | 36.44 | 23.75 | 52.84 | 53% | -55% |
BancorpSouth | Tupelo | MS | 24.19 | 16.64 | 26.82 | 45% | -38% |
Synovus Financial | Columbus | GA | 3.64 | 2.65 | 13.48 | 37% | -80% |
Valley National Bancorp | Wayne | NJ | 9.96 | 7.40 | 19.78 | 35% | -63% |
Northern Trust | Chicago | IL | 61.05 | 47.38 | 60.69 | 29% | -22% |
First Niagara Financial | Buffalo | NY | 10.46 | 9.87 | 14.86 | 6% | -34% |
Average % Change all 81 | 320% | -67% |