Bank Stocks Flat for 20 Years

Bank stocks have been getting clobbered recently. Shares of Citigroup (C) are down by one-third in the last three months. Shares of the Financial ETF (XLF) are close to a two-year low.

The S&P 500 Bank Index (^BIX) is about where it was 20 years ago. On October 17, 1996, the BIX closed at 192.32. Right now it’s at 193.52.

Posted by Eddy Elfenbein on February 3rd, 2016 at 2:21 pm

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